Completed Date
Sector
Deal Type
Value
Plastic pipes and fittings
HIL Limited acquired 100% of Crestia Polytech alongwth its four subsidiaries (Topline, Aditya Polytechnic, Aditya Industries* and Sainath Polymers*). Crestia and its subsidiaries, are estimating a turnover of ₹ 330 crore in FY 24, are strong players in the pipes, fittings and water tank sector with three flagship brands: Topline, Rockwell, and Soniplast.
This acquisition will help HIL to expand its Geographical Presence, Increase its Production Capacity and nearly double its revenue & SKU offerings. This will also enable HIL in segments like HDPE, MDPE and Water Tanks and be present in sector like Agriculture, Natural Gas and Telecom.
*Firms shall be converted into Company
