Pidilite Industries to acquires Blue Coats adhesive business
Pidilite Industries Ltd has acquired the adhesive business of Ahmedabad based Blue Coat Pvt Ltd for a cash consideration of Rs 2,635.7 million on a slump sale basis. Pidilite Industries is engaged in manufacturing and selling wide range of adhesives and textile chemicals. The company has three divisions - adhesive, textile printing chemicals and industrial adhesive. The adhesive business includes wood working adhesive, paint products, wood preservative, PVC to Wood adhesive. The company had last year acquired the adhesive business of Suparshva Adhesives.