Greenlam Industries Limited entered into an Asset Purchase Agreement to acquire Laminate manufacturing facilities of Bloom Dekor Limited for INR 360 million.

Greenlam Industries Limited (BSE:538979) entered into an Asset Purchase Agreement to acquire Laminate manufacturing facilities of Bloom Dekor Limited for INR 360 million on June 22, 2022. The deal encompasses acquisition of entire land, building, plant, and machinery of laminate division of Bloom Dekor Limited. the transaction is financed through internal accruals.

the plant will be operationalized by Q2FY23.