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.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2241.10 |
| Godrej Consumer Prod | 1108.20 |
| Dabur India | 442.10 |
| Colgate Palmol. (I) | 2106.20 |
| P&G Hygiene | 10006.55 |
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