A Calderdale-based provider of industrial adhesives and sealants is now 95% owned by an Indian plumbing and drainage firm.
Astral Limited, which is based in Ahmedabad, Western India, has upped its previous 80% stake in the Elland business Seal It Services, which trades as Bond It. The undisclosed deal, advised by Hill Dickinson, sees the Asian firm increase its ownership of the £32.6m turnover outfit.
Bond It is a manufacturer of supplier of building chemicals to international clients including large scale construction and builders' merchants. Astral, which was set up in 1996 and is a household name in India, also provides adhesives and sealants.
