Thermax has acquired 100 percent of Buildtech Products India at around Rs 72 crore, marking its entrance into the construction chemicals sector. As a move to broaden its portfolio, it will also help expand its reach across the energy, environment, and chemical industries.

The acquisition will allow Thermax accessto Buildtech's advanced R&D capabilities, a complementary product lineup, and an expanded certification portfolio for major B2B infrastructure projects. The company, known for its sustainable solutions in clean energy, air, and water, has a presence across 14 manufacturing sites globally. This acquisition is part of Thermax’s strategic growth plan, enhancing its production capabilities and distribution footprint across India.

Headquartered in New Delhi, Buildtech offers a diverse range of products, including accelerators, plasticizers, and PVC membranes. Its clients such as the National Highway Authority of India (NHAI).

Singhi Advisors acted as the sole strategic financial advisor for the transaction.