Sintex Industries - Acquisition Of US Based Wausaukee Composites Inc

Sintex Industries Ltd has informed that a meeting of the Committee of the Board of Directors of the Company held on May 31, 2007 has approved acquisition of 81% of the shareholding of Wausaukee Composites Inc (WCI), a company organized under the laws of the State of Wisconsin, USA by the Company. The Company has acquired 81% of the shareholding of WCI in the first tranche and the balance shareholding subsequently. The acquisition of the shares of WCI by the Company is undertaken by the Companys step down subsidiary Sintex Holding USA, Inc.