51% stakeMinority stakeIndustrials & Manufacturing
Perma-Pipe to take 51% of Welspun coating venture in India
Perma-Pipe International, a maker of engineered piping and corrosion protection solutions, said subsidiary Perma-Pipe Qatar agreed to acquire a 51% equity interest in Welspun Special Coating, a newly formed company that will provide internal fusion-bonded epoxy coating services in India. The stake is being acquired from Welspun DI Pipes. Terms were not disclosed.
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