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Perma-Pipe to acquire majority stake in Welspun

PUBLIC · PPIHNov 03, 2026

Acquiring Company

Perma-Pipe International Holdings

Acquired Company

Welspun Special Coating Private Limited

United StatesIndiaManufacturingEnergyOil And GasManufacturingPrecious Metals

Description

Perma-Pipe International Holdings, Inc. has announced that its subsidiary, Perma-Pipe Qatar, will acquire a 51% equity interest in Welspun Special Coating Private Limited. This joint venture aims to enhance coating capabilities in India.

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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 3, 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 3, 2026. Perma-Pipe International Holdings, Inc. has announced that its subsidiary, Perma-Pipe Qatar, will acquire a 51% equity interest in Welspun Special Coating Private Limited. This joint venture aims to enhance coating capabilities in India. 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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