Supreme Industries has taken a major step toward expanding its footprint in the infrastructure segment by officially entering into Business Transfer Agreements (BTAs) with Wavin Industries Limited and its two wholly owned subsidiaries—Wavin India Pipes and Fittings Manufacturing Pvt Ltd and Wavin India Holding Pvt Ltd.
The deal follows the initial Memorandum of Understanding (MoU) signed in March 2025 and involves the acquisition of Wavin’s Indian piping business (building and infrastructure segment) for a total value of approximately ₹310 crore, which includes adjustments for net working capital. The transaction is structured as a slump sale, with the entire business being acquired on a going concern basis.
The acquisition is expected to be completed by July 31, 2025, subject to the fulfillment of certain agreed conditions. This strategic move will bolster Supreme’s presence in the Indian piping market and is aligned with its long-term growth plans in infrastructure and building solutions.
With this acquisition, Supreme aims to strengthen its product portfolio and distribution network across India, tapping into Wavin’s established presence and capabilities.
