Motilal Oswal: Huntsman Acquisition A Feather In Pidilite’s Cap
Range of Fevicol brand products manufactured by Pidilite Industries (image courtesy Company Website)

Motilal Oswal: Huntsman Acquisition A Feather In Pidilite’s Cap

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Motilal Oswal Report

Pidilite Industries Ltd. announced the acquisition of 100% stake in Huntsman Advanced Materials Solutions Private Limited – subsidiary of the U.S.-based Huntsman Group.

Once concluded, this deal would give the company the rights to manufacture and supply well-known brands such as Araldite, Araldite Karpenter, and Araseal in India.

The consideration for the deal is Rs 21 billion, amounting to 5.25 times Huntsman’s sales of Rs 4 billion in 2019.

Click on the attachment to read the full report:

Motilal Oswal Pidilite Company Update.pdf

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