Pidilite Industries has announced a new partnership with CollTech Group, securing an exclusive distribution agreement. This collaboration is set to open doors for Pidilite in the high-performance adhesives market, especially within the growing electronics and electric vehicle (EV) sectors.
The partnership will allow Pidilite to distribute CollTech’s range of products across India. CollTech is known for its adhesives and thermal management solutions, which are essential in industries like electronics and EV manufacturing.
According to Nuvama, this deal presents a potential USD 100 million opportunity for Pidilite in the long term.
Pidilite has previously expressed its ambitions to become a significant player in these markets, and this agreement is seen as a key step in that direction. The company’s shares saw a slight rise, trading 0.39% higher at ₹3,221.60 on the NSE.
Lower crude oil prices have also been a positive factor, helping protect Pidilite’s margins, which further strengthens the company’s position for future growth in this sector.
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