Wavin, Orbia’s Building & Infrastructure Business, Joins Forces with Vectus to Provide the Indian Market with Access to Water and Sanitation Solutions

NEW DELHI, December 24, 2021–(BUSINESS WIRE)–Wavin B.V., a global solutions leader for the Building and Infrastructure industry and an Orbia business, announced today that it will acquire a majority stake in Vectus Industries Limited (“Vectus”), a privately-held manufacturer of plumbing and drainage pipes and the market leader in water storage tanks in India. With this joint venture, Orbia’s Building and Infrastructure businesses will operate at the forefront of India’s quickly growing water management industry, supplying customers in the residential, commercial, industrial, infrastructure and agricultural sectors.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211224005008/en/

Subject to the satisfaction of certain closing conditions, the deal is expected to close in the first quarter of 2022 and represents an important strategic investment. Wavin is expanding its product and regional…

Read more…