Roca India fully acquires Espiem Plastics

Bathroom fittings firm Roca India today said it has fully acquired Espiem Plastics making it wholly-owned subsidiary of the Roca Group, for an undisclosed sum.

Roca Group earlier held 26 per cent stake in the company.

Commenting on the acquisition, Roca Managing Director Pau Abello said: "The acquisition of Espiem Plastics is a part of a well-entrenched strategic move and merges perfectly with our commitment to bring in the best-in-class products for our discerning consumers." 

Espiem Plastics has two manufacturing units in SIPCOT Industrial Park Sriperumbudur, near Chennai, and at SIDCUL Industrial Area, Pant Nagar, in Uttarakhand.

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