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Perma-Pipe to Acquire Majority Stake in Welspun Special Coating

PUBLIC · PPIHNov 10, 2026

Acquiring Company

Perma-Pipe International Holdings

Acquired Company

Welspun Special Coating Private Limited

United StatesIndiaManufacturingEnergyOil And GasManufacturingPrecious Metals

Description

Perma-Pipe QA, a subsidiary of Perma-Pipe International Holdings, has entered into a Share Purchase Agreement to purchase 51% of Welspun Special Coating Private Limited. The transaction allows Perma-Pipe QA to expand its operations in India with a strategic focus on internal fusion bonded epoxy coating services. The acquisition is set to strengthen the company's market presence in the region.

Quick answer

Perma-Pipe International Holdings is acquiring Welspun Special Coating Private Limited, announced November 10, 2026. Perma-Pipe International Holdings is based in United States.

How much did Perma-Pipe International Holdings pay for Welspun Special Coating Private Limited?
The deal value was not disclosed.
What does Perma-Pipe International Holdings do?
PERMA-PIPE INTERNATIONAL HOLDINGS, INC. is a Delaware-based company engaged in the engineering, manufacture, and supply of thermal management solutions for various industries.
Where are Perma-Pipe International Holdings and Welspun Special Coating Private Limited based?
Perma-Pipe International Holdings is based in United States. Welspun Special Coating Private Limited is based in India.
Who are the decision-makers at Perma-Pipe International Holdings?
Fundz holds 5 contacts at Perma-Pipe International Holdings. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Perma-Pipe International Holdings

Location

United States

About

PERMA-PIPE INTERNATIONAL HOLDINGS, INC. is a Delaware-based company engaged in the engineering, manufacture, and supply of thermal management solutions for various industries. The company specializes in products such as pre-insulated piping systems, leak detection systems, and preventative maintenance services primarily targeting the oil and gas, industrial, and construction sectors. Operating globally, it serves markets in North America, the Middle East, and other parts of the world, focusing on improving energy efficiency and product safety. The company has continually emphasized innovation and strategic growth initiatives to enhance its market presence and operational capabilities.

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Frequently asked

Who acquired Welspun Special Coating Private Limited?

Welspun Special Coating Private Limited was acquired by Perma-Pipe International Holdings, based in United States. The deal was reported on November 10, 2026. PERMA-PIPE INTERNATIONAL HOLDINGS, INC. is a Delaware-based company engaged in the engineering, manufacture, and supply of thermal management solutions for various industries. Perma-Pipe International Holdings is publicly traded (PPIH) and operates in Manufacturing.

When did Perma-Pipe International Holdings acquire Welspun Special Coating Private Limited?

Perma-Pipe International Holdings's acquisition of Welspun Special Coating Private Limited was reported on November 10, 2026. Perma-Pipe QA, a subsidiary of Perma-Pipe International Holdings, has entered into a Share Purchase Agreement to purchase 51% of Welspun Special Coating Private Limited. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Welspun Special Coating Private Limited do?

Welspun Special Coating Private Limited is a newly formed company providing internal fusion-bonded epoxy coating and related services in India. It is a subsidiary of Welspun DI Pipes Limited. It is privately held, operating in Manufacturing, and is based in India.

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