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CIC sells Chemifix trademark

1 December 2015 02:50 am - 0     - {{hitsCtrl.values.hits}}

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Agrochemical giant CIC Holdings PLC has divested its rights in an adhesives range to a local subsidiary of Indian adhesive manufacturer Pidilite Industries Ltd for Rs.345 million.

“CIC Holdings PLC has sold the Chemifix trademark and other brands associated with PVAC adhesives business along with the commercial and technical knowhow relating to PVAC adhesive business to Pidilite Lanka (Private Limited),” a stock market filing said.

However, CIC Holdings said that it will be the sole distributor and will continue to manufacture the products for Pidilite Lanka under a tolling agreement for the next three years, which may be extended by mutual consent.

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Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Sending Money,Online Books, Delivery Service, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop Sri Lanka

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