Carysil’s wholly-owned subsidiary -- Acrysil USA is all set to acquire a 100% membership interest in 'United Granite LLC' (UGL) in Virginia, USA. UGL manufactures kitchen tops for retail, residential and commercial projects in the United States. In CY22, UGL had revenue of $12.4 million with positive EBITDA. The acquisition is valued at $7.9 million, subject to adjustments for the difference between estimated and closing working capital and will be funded through a mix of debt and internal accruals. The said transaction is expected to be completed in around 30-60 days.
Carysil is a leading manufacturer of composite quartz and granite kitchen sinks in India. The company exports granite sinks to more than 20 countries worldwide.
