It’s always been more about homes than paint so for Asian Paints, moving into providing kitchen solutions is a logical step up the value chain. It has acquired a 51% stake in Sleek Group, a leading organised player in the modern kitchen space. It’s the first such step for the decorative paints company following its decision taken in July 2012 to explore opportunities in areas of home improvement and decor. “It may be an un-related business for a paints company, in terms of distributi ..
Source: Economic TimesAsian Paints to acquire Sleek Group; foray into kitchen space
Industry: Other 2015-11-25
