Carysil’s wholly owned subsidiary -- Carysil UK is all set to acquire remaining 30% equity shares of Carysil Brassware (Formerly known as The Tap Factory), based at Yorkshire, UK. The object of acquiring this company is to get access to the Tap Design and marketing capabilities in its Kitchen and bath segments. This product is a complimentary product of its existing business segment.
This acquisition of balance 30% shareholding will make this company 100% wholly owned subsidiary of Carysil UK and will help the company to develop new products and strengthen its position further in UK Kitchen and bathroom segment.
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.
