Prince Pipes and Fittings Limited (PPFL) has completed the second phase of an asset purchase agreement to acquire a manufacturing facility at Bhuj, Gujarat following receipt of requisite regulatory approvals. The acquired assets comprise a land parcel, buildings, machinery and manufacturing equipment and office furniture and fixtures that were identified under the agreement. The transaction completes the two-phase structure announced in March 2024 and consolidates the company's entry into the bathware manufacturing space.

The assets will serve as the manufacturing base for PPFL's bathware operations and will support scaling of the Aquel by Prince product portfolio, which includes taps and bathroom accessories. Management intends to proceed with a measured build-out of the business through distribution expansion, product development and targeted brand investment to grow market presence. The first phase of the agreement had included the acquisition of the Aquel brand together with moulds, dies and related intellectual property, enabling initial integration of the bathware portfolio.

Prince Pipes and Fittings Limited is one of India’s largest integrated piping solutions providers, incorporated in 1987 and headquartered in Mumbai, Maharashtra. The company manufactures polymer piping solutions in four polymers: CPVC, UPVC, HDPE and PPR and reports a network of more than 1,500 distributors across India to enhance customer proximity. PPFL currently operates from nine state-of-the-art manufacturing units located at Haridwar, Athal, Dadra, Kolhapur, Chennai, Jobner, Sangareddy, Begusarai and Bhuj.

The completion of the Bhuj acquisition is intended to strengthen PPFL's strategic diversification into the bathware segment and to accelerate supply chain readiness for the Aquel by Prince range. The company expects the facility to improve manufacturing capacity and support a phased expansion of distribution and product offerings while maintaining operational discipline. The release included a standard cautionary note that forward-looking statements are subject to risks and uncertainties that could cause actual outcomes to differ from expectations.