Hindustan Sanitary to buy Havells' Rajasthan unit

HSIL, the maker of 'Hindware' sanitary-ware brand, will acquire Havells' whole business of manufacturing and dealing in bathroom fittings and accessories under the brand ‘Crabtree’

Somany Group company Hindustan Sanitary Ware and Industries Ltd (HSIL) on Friday said that it is acquiring electrical goods maker Havells India's bathroom accessories and fittings business for an undisclosed amount, reports PTI.

The company said that it has entered into an agreement with Havells India, whereby it will acquire its whole business undertakings engaged in manufacturing and dealing in bathroom fittings and accessories under the brand ‘Crabtree’.

"With this acquisition, HSIL will have modern faucet manufacturing facilities, additional distribution network and additional sales volumes," the company said in a statement.

Havells' faucet manufacturing unit is situated at Bhiwadi in Rajasthan.

It also said that the acquisition will help in expanding its building products division and "get competitive advantage in (the) institutional and project segments."

The Rs800-crore company, which sells sanitary ware under the 'Hindware' brand, is one of the market leaders in the segment, with over 1,200 distributors and 12,000 retailers across the country.

In the last two-three years, HSIL had expanded the 'Hindware’ brand by adding its building products portfolio, which includes PVC cisterns, bathtubs, shower systems and kitchen appliances.

  • Like this story? Get our top stories by email.

    User 

    We are listening!

    Solve the equation and enter in the Captcha field.
      Loading...
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email
    Close

    To continue


    Please
    Sign Up or Sign In
    with

    Email

    BUY NOW

    online financial advisory
    Pathbreakers
    Pathbreakers 1 & Pathbreakers 2 contain deep insights, unknown facts and captivating events in the life of 51 top achievers, in their own words.
    online financia advisory
    The Scam
    28 Year Of The Scam: The Perennial Bestseller, reads like a Thriller!
    Moneylife Online Magazine
    Fiercely independent and pro-consumer information on personal finance
    financial magazines online
    Stockletters in 4 Flavours
    Outstanding research that beats mutual funds year after year
    financial magazines in india
    MAS: Complete Online Financial Advisory
    (Includes Moneylife Online Magazine)