I believe the reason for acquisition would be the reach of presence of company. Carysil will find it easy to reach dealer / distributor through the brand which has a presence in the market.
Sales / profits does not look that big for company hence I find it they may have used it to increase their reach / presence.
Good developments in last 1 year and foundation for growth.
Next few quarters could be interesting
New land parcel and usage of that would be crucial to track further growth
Disc – Invested for long term opinion personal
| Subscribe To Our Free Newsletter |
