Pidilite Industries has acquired Huntsman Advanced Materials Solutions for Rs 2,100 crore, enhancing its presence in the Indian adhesive market.

Target Information

Pidilite Industries Ltd, renowned for its iconic Fevicol brand, has successfully acquired a 100% stake in Huntsman Advanced Materials Solutions Private Ltd (HAMSPL), the Indian subsidiary of the US-based Huntsman Group. This acquisition, valued at Rs 2,100 crore, was finalized on November 3, 2020. Post-acquisition, HAMSPL will operate as a subsidiary of Pidilite Industries. The company specializes in the production and distribution of adhesives and sealants, featuring well-known brands such as Araldite, Araldite Karpenter, and Araseal within the Indian market.

The transaction also encompasses Huntsman’s business operations in the Indian subcontinent, alongside a trademark license for regions including the Middle East, Africa, and ASEAN countries. In the previous fiscal year, Huntsman reported revenue of approximately Rs 400 crore from its Indian operations.

Industry Overview in India

The adhesive and sealant industry in India has been experiencing robust growth, driven by increased demand across multiple sectors, including construction, automotive, and consumer goods. The