Supreme Industries To Buy Wavin's India Biz For ₹3.1 Billion By July 31

Supreme Industries Ltd. on Saturday said it signed business transfer agreements with Wavin Industries Ltd. to acquire its Indian piping business on a slump sale basis for ₹3.10 billion. 

The deal, which also involves Wavin India Pipes and Fittings Manufacturing Pvt. Ltd. and Wavin India Holding Pvt. Ltd., is expected to be completed by July 31. 

Supreme Industries had earlier said in March that it would acquire Wavin’s Indian operations for $30 million, excluding net working capital.