Supreme Industries, Orbia Announce Closing of Divestiture of Orbia Building & Infrastructure (Wavin) Pipes & Fittings Business in India to Supreme; Start of Long-Term Technology License from Orbia Wavin to Supreme
Today Orbia announces the successful closing of Orbia’s divestiture and long-term technology license agreement with The Supreme Industries Ltd., India’s largest plastic pipe manufacturer.
Through this milestone deal, Supreme has acquired Orbia Building & Infrastructure's (Wavin) pipes and fittings business in India for $30 million, plus net working capital adjustments. The accompanying long-term technology license agreement grants Supreme access to Orbia Wavin’s full portfolio of advanced water management solutions and includes additional fixed payments and royalties.
6 days ago