Acquisition History / Rane (Madras) Ltd / Hindustan Composites Ltd - friction business
Rane (Madras) Ltd Acquires Hindustan Composites Ltd - friction business
Announced June 30, 2026 — $41.8M
What happened
Rane (Madras) agreed to acquire the friction business of Hindustan Composites as a going concern on a slump-sale basis for an enterprise value of Rs 370 crore. The unit supplies brake linings, pads, blocks, clutch facings and industrial friction products to automotive, railway, tractor and industrial customers from two Maharashtra plants. It has over six decades of operating history and a pan-India distribution network.
- Acquirer
- Rane (Madras) Ltd
- Target
- Hindustan Composites Ltd - friction business
- Announced
- June 30, 2026
- Price
- $41.8M
- Industry
- Automotive and industrial friction materials
- Buyer type
- Strategic acquirer
- Status
- Announced, not yet closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Rane (Madras) Ltd acquire Hindustan Composites Ltd - friction business?
Rane (Madras) Ltd acquired Hindustan Composites Ltd - friction business on June 30, 2026. This was Rane (Madras) Ltd's 1st publicly tracked acquisition out of 1 we have on record.
How much did Rane (Madras) Ltd pay for Hindustan Composites Ltd - friction business?
Rane (Madras) Ltd paid $41.8M for Hindustan Composites Ltd - friction business.
What does Hindustan Composites Ltd - friction business do?
Rane (Madras) agreed to acquire the friction business of Hindustan Composites as a going concern on a slump-sale basis for an enterprise value of Rs 370 crore. The unit supplies brake linings, pads, blocks, clutch facings and industrial friction products to automotive, railway, tractor and industrial customers from two Maharashtra plants. It has over six decades of operating history and a pan-India distribution network.
What other Automotive and industrial friction materials companies has Rane (Madras) Ltd acquired?
Hindustan Composites Ltd - friction business is Rane (Madras) Ltd's only publicly tracked acquisition in Automotive and industrial friction materials so far.