Acrysil acquires 74 per cent stake in Homestyle Products

03 Dec 2014 Evaluate

Acrysil, a leading quartz and stainless steel kitchen sink maker, has acquired 74 per cent stake in the UK-based kitchen sink distribution company, Homestyle Products for Rs 20.50 crore. The transaction was funded through internal accruals and debt. 

Acrysil presently exports its products to more than 35 countries worldwide including USA, France, Germany, Russia and countries in the Far East and Middle East. In FY14, exports accounted for nearly 74 per cent of Acrysil's turnover.  Apart from kitchen sinks, which include composite quartz granite sinks and stainless steel sinks, Acrysil also deals in kitchen built-in appliances and faucets.

Carysil Share Price

767.50 -27.55 (-3.47%)
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