# Pidilite Industries acquires Huntsman's Indian subsidiary for Rs 2,100 crore

Pidilite Industries agreed to acquire 100% of Huntsman Advanced Materials Solutions Private Limited, which owns the Araldite brand, for about Rs 2,100 crore.

- Type: Acquisition
- Announced: 2022-04-20
- Where: India
- Value: $280.0M (21.0B INR)
- Status: announced
- Products: adhesives, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Huntsman Corp.](https://endata.com/companies/1591.md) (partner)
- [Pidilite Industries](https://endata.com/companies/19780.md) (acquirer)
- [Huntsman Advanced Materials Solutions](https://endata.com/companies/50853.md) (target)

## Sources

- [thehawk.in](https://www.thehawk.in/news/economy-and-business/pidilite-acquires-consumer-and-bazaar-business-of-araldite-for-rs-2100-cr-461c56ad-4f71-43d5-82da-9549daf243a1), 2022-04-20: "Araldite is an iconic brand and a market leader in Epoxy Adhesives in India."

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