Supreme Industries has signed a memorandum of understanding with Wavin Industries to acquire its pipes and fittings business for $30 million (about ₹262 crore), the company said on Tuesday. The process is expected to be completed by June, subject to regulatory approvals.
Wavin India is part of the Orbia Group and manufactures piping systems under the brand ‘Wavin’ in the country.
“This strategic initiative will expand Supreme’s leadership position, extend Orbia’s customer reach through technology, and accelerate the robust growth of India’s building and infrastructure industry,” Supreme Industries said in a statement.
