Sheela Foam has received approval to acquire Interplasp S.L., Spain. The Board at its meeting held on July 26, 2019 approved the same. This acquisition will give the company a presence in Europe, the world's largest polyurethane foam market, and a huge potential opportunity to grow.
Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”. It manufactures other foam-based home comfort products targeted primarily at Indian retail consumers, as well as technical grades of polyurethane foam (PU Foam) for end use in a wide range of industries.
