| Log in

Roca India fully acquires Espiem Plastics

By PTI
23 June, 2014

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.

The acquisition comes as a part of the company’s strategy to further expand its footprint in the market, the company said in a statement.

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.


Leave Your Comment
Exit Time: Murugappa Sells 47% In Parryware To JV Partner For $176M

Exit Time: Murugappa Sells 47% In Parryware To JV Partner For $176M

Madhav A Chanchani 9 years ago
EID Parry, a group firm of the Chennai-based business conglomerate Murugappa...
Jaquar acquires Euro Ceramics’ sanitaryware plant

Jaquar acquires Euro Ceramics’ sanitaryware plant

Debjyoti Roy 7 months ago
Bathroom products maker Jaquar & Co Pvt. Ltd has acquired a sanitaryware...
Sintex buys out French plastic products maker Groupe Simonin for $24.2M

Sintex buys out French plastic products maker Groupe Simonin for $24.2M

Anuradha Verma 3 years ago
Gujarat-based plastic products maker, known for its water tanks, Sintex...
No Comments

Roca India fully acquires Espiem Plastics

Powered by WordPress.com VIP