Greenlam to acquire Swiss company
Decorative laminates maker Greenlam Industries Ltd will acquire Switzerland-based decorative surfaces trader Decolan SA for 1 million Swiss francs ($994,000 or Rs 7 crore) in cash. Greenlam said in a stock-exchange filing the acquisition will help it serve the European market with faster deliveries, better distribution control and service. The company will make the acquisition through Singapore-based wholly owned subsidiary Greenlam Asia Pacific Pte. Ltd. The transaction is expected to be completed by 30 June. Incorporated in 2012, Decolan is [...]