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Man Industries (India) has completed the acquisition of a 100% equity stake in National Pipe Company Limited (NPC) NPC is an established manufacturer of HSAW and LSAW pipes with an installed manufacturing capacity of approximately 430,000 MT per annum.
Man Industries acquired 100% equity in National Pipe Company Limited for about USD 102 million.
KEY POINTS
- The acquisition was executed through its Saudi Arabian subsidiary, Man International Steel Industries Company.
- NPC's facility will soon add a Coating Mill to meet Saudi demand for coated pipelines.
- NPC is debt-free, profitable, and has a solid order book featuring clients like Saudi Aramco.
COMPANIES
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