Prince Pipes Completes Acquisition of Bhuj Manufacturing Facility
Filing Summary
Prince Pipes and Fittings Ltd has finalized the acquisition of a manufacturing facility in Bhuj, Gujarat. This marks the completion of the second phase of an Asset Purchase Agreement with Klaus Waren Fixtures Private Limited. The acquisition includes land, buildings, machinery, and equipment. This facility will serve as the manufacturing base for the company’s bathware operations, supporting the “Aquel by Prince” product line. The transaction follows regulatory approvals and aligns with Prince Pipes’ strategic diversification in the bathware segment.
Prince Pipes and Fittings Ltd has completed the acquisition of a manufacturing facility located in Bhuj, Gujarat. This acquisition is part of the second phase of an Asset Purchase Agreement with Klaus Waren Fixtures Private Limited. The agreement involves the acquisition of land, buildings, machinery, and manufacturing equipment, as well as office furniture and fixtures. This development follows the company’s earlier disclosure dated March 20, 2024, regarding the execution of the agreement.
The financial terms of the acquisition were not disclosed in the filing. However, the transaction has been completed following the receipt of necessary regulatory approvals. The acquisition is structured in two phases, with the first phase involving the acquisition of the Aquel brand, along with moulds, dies, and related intellectual property. This phase enabled Prince Pipes to integrate the bathware portfolio within its existing product offerings.
The acquired assets in Bhuj will serve as the manufacturing base for Prince Pipes’ bathware operations. This facility will support the scaling of the “Aquel by Prince” product portfolio, which includes faucets and bathroom accessories. The company plans to continue expanding its distribution network, developing new products, and investing in targeted brand initiatives to enhance its presence in the bathware segment.
The acquisition aligns with Prince Pipes’ strategic diversification efforts in the bathware market. The company has been actively expanding its product range and market presence. The Bhuj facility will play a crucial role in supporting these efforts by providing a dedicated manufacturing base for bathware products.
The completion of the acquisition was announced on April 7, 2026. The first phase of the agreement, which included the acquisition of the Aquel brand, was announced on March 20, 2024. The transaction involves Klaus Waren Fixtures Private Limited and Mr. Narshi Mulji Shah as parties to the agreement.
Prince Pipes and Fittings Ltd is one of India’s largest integrated piping solutions providers. The company, incorporated in 1987, is engaged in the manufacturing of polymer piping solutions across four types of polymers: CPVC, UPVC, HDPE, and PPR. With a network of over 1,500 distributors, Prince Pipes continues to expand its pan-India distributor base to enhance customer proximity and responsiveness. The company has nine manufacturing units across India, including the newly acquired facility in Bhuj, Gujarat.