By its Sri Lankan subsidiary
Pidilite Industries announced that Pidilite Lanka (PLPL), a step down subsidiary of the Company, incorporated in Sri Lanka has acquired from CIC Holdings PLC, the Chemifix trade mark and other brands associated with PVAC Adhesives business alongwith the commercial and technical knowhow relating to PVAC Adhesive business. Pidilite International Pte, and Pidilite Middle East, (wholly owned subsidiaries of the Company) hold 76% of the paid up capital in PLPL.CIC Holdings PLC is a large conglomerate in Sri Lanka and is involved in number of segments in Sri Lanka such as chemicals, fertilizers, pharmaceuticals, agri chemical, food products etc.
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