EFC (I) enters into SPA to acquire 100% stake in Ultrafresh Modular Solutions

EFC (I) has entered into a Share Acquisition Agreement (SPA) to acquire 100% stake in Ultrafresh Modular Solutions (Ultrafresh), subject to fulfilment of the conditions precedent under the agreement. 

The proposed acquisition is a natural extension of EFC’s existing furniture manufacturing and Design & Build businesses. Ultrafresh’s modular kitchens, wardrobes and customised interior solutions are complementary to EFC’s existing product and service offerings. The acquisition will combine EFC’s manufacturing, supply-chain and Design & Build capabilities with Ultrafresh’s dedicated design and execution team, and manufacturing facility at Nalagarh, Himachal Pradesh. Ultrafresh’s manufacturing presence in North India will also provide EFC with a strategic regional footprint and strengthen its manufacturing and distribution capabilities.

EFC (I) (formerly known as Aamani Trading & Exports) is engaged in the business of real estate services, property management services & renting or leasing services involving own or leased non-residential property.