Pidilite USA (PUSA), a wholly owned subsidiary of Pidilite Industries has entered into an agreement with Niteo Products LLC, USA for sale of business of the Cyclo Division of PUSA. Cyclo Division has been engaged in the business of automobile grooming, performance and maintenance products and other such products.

Some of the trademarks used by the Cyclo Division were owned by Pidilite International, Singapore, a wholly owned subsidiary of Pidilite Industries and the same will also stand assigned to Niteo Products LLC, USA.

Shares of the company gained Rs 9.4, or 1.18%, to trade at  Rs 805.70.  The total volume of shares traded  was  13,186 at the BSE (10.25 a.m., Friday).