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Sheela Foam gets nod to acquire Kurlon Enterprise

17 Jul 2023 Evaluate

Sheela Foam has received approval for the acquisition of Kurlon Enterprise (KEL). The acquisition will help the company to consolidate the existing fragmented market of mattresses and foam-based products. The company is the leader in northern and western India whereas KEL has strengths in southern and eastern regions of India. This acquisition will help the company extend a pan-India footprint. 

Besides, the company functions mainly through exclusive distribution networks (EBOs) whereas KEL is strong in multiple distribution network (MBO). This acquisition is expected to provide the Company with a robust distribution network. The acquisition is expected to be completed by or before November 30, 2023. The Board of Directors of the company at their meeting held on July 17, 2023 has approved the same. 

Sheela Foam is a leading manufacturer of mattresses in India marketed under its flagship brand “Sleepwell”.


Sheela Foam Share Price

548.50 1.00 (0.18%)
17-Apr-2026 16:59 View Price Chart
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