Pidilite acquires Blue Coat's adhesive biz for Rs 263.57cr

Written By Unknown on Selasa, 23 September 2014 | 21.03

Pidilite has acquired the adhesive business of Ahmedabad-based Blue Coat, which is engaged in manufacturing and selling wide range of adhesives and textile chemicals.

Pidilite Industries  today said it has acquired the adhesive business of Blue Coat for
Rs 263.57 crore.

"Pidilite has acquired the adhesive business of Ahmedabad-based Blue Coat, which is engaged in manufacturing and selling wide range of adhesives and textile chemicals, on a slump sale basis for a cash consideration of Rs 263.57 crore," the company said in a statement.

Blue Coat, which has a manufacturing plant in Baddi in Himachal Pradesh, has brands marketed including Bluecoat Plus, Bluecoat Marine, Bluecoat D3, Bluecoat Aqua, Bluecoat Dual, Bluegrip 5000, Bluecoat A1, among others.

"Pidilite Industries will continue to support and grow these brands," it said.

Pidilite Ind stock price

On September 23, 2014, Pidilite Industries closed at Rs 395.80, up Rs 2.30, or 0.58 percent. The 52-week high of the share was Rs 422.40 and the 52-week low was Rs 247.10.


The company's trailing 12-month (TTM) EPS was at Rs 9.18 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 43.12. The latest book value of the company is Rs 39.78 per share. At current value, the price-to-book value of the company is 9.95.


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