Euro Pratik Sales to Acquire 51% Stake in Drashti Surfaces for ₹31.12 Cr
Euro Pratik Sales Limited announced the acquisition of a 51% controlling stake in Drashti Surfaces Private Limited for ₹31.12 crore, with an additional loan commitment of up to ₹20 crore. Drashti Surfaces is a manufacturer of premium veneers and decorative laminates with manufacturing facilities in Bhilad and Silvassa. This acquisition is expected to strengthen Euro Pratik's product offerings and manufacturing capabilities by integrating an owned manufacturing base for premium veneers and laminates. The transaction, funded through internal accruals, is anticipated to be completed within 90 days and aims to enhance market penetration and drive long-term growth through synergistic benefits in manufacturing, distribution, and customer relationships. This move follows previous acquisitions of URO Veneer World and Chawla Brothers, further solidifying Euro Pratik's position in the interior decorative and surface solutions market.
Key Highlights
- Euro Pratik acquires 51% stake in Drashti Surfaces for ₹31.12 Cr.
- Acquisition strengthens product portfolio and in-house manufacturing.
- Transaction to be funded via internal accruals.
- Expected to create significant manufacturing and distribution synergies.
- Enhances Euro Pratik's integrated decorative surfaces platform.
Price Impact
More from EUROPRATIK