Debevoise & Plimpton LLP has advised the Poddar family in the sale of their remaining shareholding in Ashirvad Pipes Pvt Ltd (“Ashirvad”), to Aliaxis SA (“Aliaxis”).
Founded in 1998 by the Poddar family, Ashirvad is an India-based leader in the manufacture of PVC and CPVC piping systems. With its state-of-the-art factories, the company has an annual manufacturing capacity of more than 100,000 metric tons and manufactures a complete range of quality plastic piping systems for domestic and agricultural use.
Belgium-based Aliaxis is a global leader in the manufacturing and distribution of advanced plastic piping systems. It is active through more than 100 manufacturing and commercial companies, operating in over 45 countries.
This transaction concludes the successful joint-venture between Aliaxis and the Poddar family, created in 2013.
The Debevoise team advising the Poddar family was led by partners Geoffrey P. Burgess and Lord Goldsmith KC, and included partner Samantha J. Rowe and associates Shashwat Patel, Todd Morrissey and David M. Becker.
AZB & Partners and Aarna Law acted as India counsel to the Poddar family on the transaction, and Cyril Amarchand Mangaldas represented Aliaxis.
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