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Godrej & Boyce buys Somany Foam’s PU foam business

By Anuradha Verma

  • 02 May 2014
Godrej & Boyce buys Somany Foam’s PU foam business

Godrej & Boyce Manufacturing Company Ltd, a part of the diversified business conglomerate Godrej Group, has completed the acquisition of polyurethane (PU) foam business of Somany Foam Limited for an undisclosed amount, according to a statement.

Somany Foam Limited is owned by the promoters of Hindusthan National Glass Industries Limited, which is the country's largest container glass manufacturing company. The firm had established a greenfield PU foam and mattress manufacturing plant at SIDCUL industrial area, Haridwar in 2006.

The deal includes the acquisition of the PU foam manufacturing plant of the company.

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The acquisition will help Godrej Interio, the furniture business unit of Godrej & Boyce, to foray into the business of PU foam. Besides, it will fulfil the captive requirements of foam for its furniture business. Further, it gets a ready unit for manufacturing of PU foam mattresses of different varieties.

The plant has a capacity to manufacture 6,000 TPA of PU foam.

Godrej & Boyce has a diverse range of products and services ranging from locks to aerospace, furniture to construction, appliances to custom-built critical equipment, among others.

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Antique Capital was the sole advisor in the transaction.

(Edited by Joby Puthuparampil Johnson)

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