Pidilite buys global speciality chemicals firm

09 July 2007 15:28  [Source: ICIS news]

MUMBAI (ICIS news)--Pidilite Industries said on Monday that it has entered into an agreement with an international specialty chemicals company.

The agreement is for the acquisition of plant, machinery, technology, patent and trademark of the company, it said. The new plant will be located in India, it added.

Pidilite, the Indian adhesives and speciality chemicals maker had recently acquired Brazilian adhesives, sealants and construction chemicals company Pulvitec in a bid to gain entry into the South American markets.

Pidilite’s share closed on Monday up 1.8% at Indian rupees (Rs)129 ($3.2 / €2.3) on the Bombay Stock Exchange.

($1 = Rs40.17 / €1 = Rs54.75)

By: Divya Chowdhury
+65 6780 4359

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly