Global law firm Clyde & Co has advised the shareholders of National Pipe Company Limited (NPC) on the sale of 100% of their shares in NPC to MAN International Steel Industries Company (MISIC), a wholly owned subsidiary of MAN Industries (India) Limited.
Headquartered in the Eastern Province of Saudi Arabia, NPC is an established manufacturer of large-diameter carbon steel line pipes, supplying major infrastructure, energy, water transmission and industrial projects across the region.
The transaction represents a significant milestone for NPC, enabling a full exit for its shareholders and positioning the business for its next phase of growth under the ownership of a global pipe manufacturing group.
The acquisition forms part of MAN Industries’ international expansion strategy and strengthens its presence in Saudi Arabia’s infrastructure, energy and industrial sectors, in line with the Kingdom’s long-term development agenda.
Clyde & Co provided comprehensive legal counsel to the shareholders throughout the transaction, supporting all aspects of the sale process. Legal director Elie Mikhael (Riyadh) led on the transaction.
Elie Mikhael, Legal Director, at Clyde & Co, commented:
This is a significant transaction in the Kingdom’s industrial sector, bringing together a leading regional manufacturer and a global player with strong growth ambitions. Advising the shareholders of NPC on a successful exit, while helping facilitate this investment, supports Saudi Arabia’s long-term infrastructure and industrial development goals.
Abdulaziz Albosaily, Managing Partner of Saudi Arabia, commented:
This transaction reflects the strength of Clyde & Co’s corporate practice in Saudi Arabia, combining deep local market insight with international transactional expertise. We are proud to support regional and international clients on complex cross-border M&A, joint ventures and strategic investments that contribute to the Kingdom’s growth ambitions.
Clyde & Co’s Middle East corporate team combines deep local market knowledge with international transactional expertise, advising regional and global clients on complex cross-border M&A, joint ventures and strategic investments. With a strong presence across Saudi Arabia and the wider region, the team regularly supports clients in key sectors including infrastructure, energy, and industrials, guiding them through all stages of the transaction lifecycle from structuring and negotiation through to completion.