Greenlam Industries To Acquire Decolan SA
Greenlam Industries Limited informs that the Board of Directors of the Company in their meeting has approved to acquire 100% shares of Decolan SA, (a company incorporated in Switzerland) through Greenlam Asia Pacific Pte. Ltd., wholly owned subsidiary of the Company in Singapore. On completion of the aforesaid acquisition, Decolan SA will become a wholly owned (direct) subsidiary ofGreenlam Asia Pacific Pte. Ltd. incorporated in Singapore and a wholly owned (step-down) subsidiary of Greenlam Industries Limited.
Decolan SA is engaged in trading, distribution, export-import of decorative surfaces solutions and products such as High-Pressure Laminates, Compact panels and allied products.