Supreme Industries Ltd on March 10, 2025 announced that it has entered into a Memorandum of Understanding (MoU) with Wavin India to acquire its piping business for Rs. 30 crore. As a part of the deal Supreme Industries Limited will obtain exclusive license to use Wavin BV – Netherlands current and future technologies for seven years in India and SAARC countries. This strategic acquisition is in line with the plastics piping systems business of Supreme Industries Limited. The transaction is contingent upon due diligence and regulatory approvals including FEMA clearance in case of share acquisition. It is expected that the deal will increase the capacity of piping division by 73,000 MT per annum and thus help Supreme Industries to expand its presence in North and South India more effectively. Wavin India Private Limited is a private limited company that was incorporated in the year 2007 and it manufactures piping systems and trades under the brand name Wavin and is a part of the Orbia Group. The turnover of the company for the past three financial years is ₹953.70 crore (FY22), ₹1,112.70 crore (FY23), and ₹1,007.50 crore (FY24). However, the shares of Supreme Industries remained steady at Rs. 3,313.50 on the day of the announcement. The stock has declined 30% in 2025 so far.
Supreme Industries Signs MoU to Acquire Piping Business
