Key Facts:
Supreme Industries Limited is an Indian plastics company based in Mumbai.
The company manufactures industrial and engineering molded furniture products, storage and material handling crates.
Prime Highlights:
Supreme Industries has signed an MoU to acquire Wavin India’s piping business for $30 million.
The acquisition is expected to be completed by June 30, 2025, subject to due diligence and regulatory approvals.
Key Background:
Supreme Industries Ltd. announced that it has signed a Memorandum of Understanding (MoU) with Wavin India, a subsidiary of the Netherlands-based Wavin BV, to acquire Wavin India’s piping business for $30 million. This acquisition is slated to be completed by June 30, 2025, subject to due diligence and regulatory approvals.
As part of the deal, Supreme Industries will gain exclusive access to all current technologies from Wavin BV, as well as any new technologies developed over the next seven years for India and the SAARC countries. This strategic acquisition aligns with Supreme Industries’ existing business in the manufacturing of plastic piping systems and will significantly enhance its capabilities in the sector.
The acquisition will expand Supreme Industries’ piping division by increasing its capacity by 73,000 metric tons per annum. It is expected to improve the company’s ability to serve districts and regions across both North and South India more economically and efficiently. This expansion will enable Supreme Industries to strengthen its market position within the country.
Wavin India, incorporated in August 2007, specializes in manufacturing piping systems and is a key player in the Indian market under the Wavin brand. The company is part of the Orbia Group. Over the last three financial years, Wavin India’s product turnover has demonstrated stable performance, with revenues of ₹953.7 crore in FY22, ₹1,112.7 crore in FY23, and ₹1,007.5 crore in FY24.
This acquisition also includes a provision for statutory approval under the Foreign Exchange Management Act (FEMA) if shares are involved. Following the announcement, Supreme Industries’ shares were trading flat at ₹3,313.50, reflecting a 30% decline in stock price for 2025 so far. This deal marks a significant milestone for Supreme Industries as it continues to expand its footprint in the Indian piping industry.
