2025-03-21 12:29:13 pm | Source: PR Agency
Sirca Paints India Limited (“SPIL”) has acquired the business undertaking of "Wembley Group" for Rs 81.50 Crs
Commenting on the acquisition, Mr. Sanjay Agarwal, Managing Director of Sirca Paints India Ltd., stated, The acquisition enables the SPIL to increase its footprint in its line of business along with it will integrate Wembley’s full range of products, including thinners, wall paints, enamels, NC (nitrocellulose), melamine, Sanding Sealer, T.T. Clear and other coatings, into its portfolio. This strategic move is expected to boost SPIL turnover and further strengthen its market position in India’s growing paint and coatings sector with commensurating EBIDTA margins.
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