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