UltraTech Cement has announced a significant move to bolster its presence in the white cement-based putty and value-added products segment with the acquisition of Wonder WallCare. The company’s board has approved the acquisition of 100 per cent equity in Wonder WallCare, valuing the deal at an enterprise value of up to Rs 235 crore. A share purchase agreement has been executed with the existing shareholders, and the transaction is expected to conclude within the next three months, subject to regulatory approvals and compliance.
The acquisition gives UltraTech access to a newly constructed manufacturing facility with an annual capacity of six lakh metric ton, located at Rajsamand-Nathdwara in Rajasthan. Built in 2022-23, the plant is strategically located near abundant high-quality raw material reserves and is in close proximity to UltraTech’s existing facilities in the state. It is considered one of the largest single-location putty production units in the country and offers significant scope for future capacity expansion.
This move marks a strategic step by UltraTech to enhance its production capacity in India’s highly competitive and fragmented wall putty market. With the rapid rise in urbanisation and infrastructure activity, the acquisition is poised to strengthen the company’s foothold in a fast-growing segment aligned with national development goals.