Closing of Divestiture of Orbia Building & Infrastructure Pipes & Fittings Business in India to Supreme.
Orbia Advance Corporation S.A.B. de CV (BMV: Orbia) confirms the successful completion of its previously announced divestiture and technology licensing agreement with The Supreme Industries Ltd. (Supreme), India’s largest plastic pipe manufacturer. Under this finalized transaction, Supreme has acquired Orbia Building & Infrastructure’s (Wavin) pipes and fittings business in India for USD 30 million, plus net working capital adjustments.
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