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Welspun Gp acquires Sintex BAPL

Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex. 

Sintex’s auto business already has a strong portfolio of OEM as well as tier 1 customers nationally and globally. BAPL – Rototech is a preferred partner in the industry for designing, developing and producing full functions and system solutions. 

The acquisition was accomplished with a ₹ 1251 crore deal. 

Commenting on the development of the acquisition, Balkrishan Goenka, Chairman of Welspun, said, “As we strengthen our building material portfolio and envision a strong domestic foot prints with our diverse businesses Sintex acquisition is a strategic addition to strengthen our consumer connect and on ground presence. Sintex brand is synonyms to the category and is known for its legacy of quality products. With our new vision “Har Ghar se Har Dil Tak Welspun” every business is committed about driving our penetration in domestic market.