# Pidilite Industries acquires 70% stake in CIPY Polyurethanes

Pidilite Industries has approved the acquisition of a 70% stake in CIPY Polyurethanes for Rs. 96.40 crore. CIPY manufactures floor coatings using polyurethanes, epoxies, polyurea and polyaspartic polymers.

- Type: Acquisition
- Announced: 2018-01-05
- Where: Mumbai, India, India
- Value: $15.0M (964.0M INR)
- Status: announced
- Products: floor coatings, polyurethanes, epoxies, polyurea, polyaspartic polymers
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Pidilite Industries](https://endata.com/companies/19780.md) (acquirer)
- [CIPY Polyurethanes](https://endata.com/companies/29212.md) (target)

## Sources

- [theceo.in](https://www.theceo.in/press-release/pidilite-industries-announces-acquisition-of-majority-stake-in-cipy-polyurethanes-pvt-ltd), 2018-01-05: "This acquisition will help the Company to participate in the growth of the resin flooring and floor coatings market."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/markets/stock-markets/pidilite-industries-will-cipy-buy-add-colour/article10017189.ece), 2018-01-05: "Pidilite Industries will acquire 70 per cent equity stake in CIPY Polyurethanes for ₹96.4 crore."
- [vccircle.com](https://www.vccircle.com/pidilite-industries-to-acquire-majority-stake-in-cipy-polyurethanes), 2018-01-05: "The acquisition of majority stake in CIPY will enable Pidilite to expand its presence in the resin flooring and floor coating category."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.