Don’t think it’s a right comparison. Astral poly is into CPVC with technology borrowed from Lubrizol whereas Tricoat is into products which are replacing traditional building materials like wood and plastic. End user demand is strong for the products of both APL Apollo and Tricoat. Tricoat will only be stronger with this merger as it gets better reach for its products.
Over all business has become much simpler to understand and should attract more investors who have been on the sidelines because of complex arrangement with Tricoat.
Disc: Invested in both