Pidilite Industries inks distribution pact with CollTech Group

6 Sep 2024 , 10:39 AM

Pidilite Industries Ltd, a leading adhesive and construction chemicals manufacturer, announced Thursday (September 5) that it has signed an exclusive distribution arrangement with CollTech Group.

CollTech Group manufactures and sells high-performance adhesives and thermal management systems, and it is a well-known brand in India’s industrial adhesives and sealant business. CollTech Group manufactures and sells high-performance adhesives and heat management solutions.

Under the terms of this agreement, Pidilite will be the sole distributor of CollTech’s wide product line in India. This alliance aims to strengthen CollTech’s market footprint while also extending Pidilite’s position in the Indian electronics industry.

The exclusive agreement demonstrates CollTech’s commitment to providing superior products and solutions through a strategic collaboration with Pidilite Industries Ltd.

CollTech intends to give even more value to its clients by leveraging Pidilite Industries Ltd’s broad distribution network and market knowledge, ensuring continuous product availability and improved service in India, according to the company.

In August of this year, Pidilite Industries’ Managing Director, Bharat Puri, stated that the company expects double-digit volume growth in both the consumer and B2B categories.

At around 10.23 AM, Pidilite Industries was trading 0.42% higher at ₹3,222.55 per piece, against the previous close of ₹3,209.20 on NSE. The counter touched an intraday high and low of ₹3,259, and ₹3,205, respectively.

For feedback and suggestions, write to us at [e-mail]