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BirlaNu, part of the CKA Birla Group, announced earlier this week that it had entered into an agreement to acquire Clean Coats Pvt Ltd, a coatings and specialised construction chemicals manufacturer, for up to INR 120 crore. The acquisition is intended to strengthen BirlaNu's presence in the specialty construction chemicals and high-performance coatings segment, combining Clean Coats' technical expertise with BirlaNu's extensive brand reach and market experience.
BirlaNu, a subsidiary of the multi-billion-dollar CKA Birla Group, revealed earlier this week that it had signed an agreement to acquire Clean Coats Pvt Ltd, a manufacturer of coatings and specialised construction chemicals, for up to INR 120 crore. Advertisement
Avanti Birla, President of BirlaNu, mentioned in a statement that the acquisition marked a strategic step towards enhancing the company's portfolio in specialty construction chemicals and high-performance coatings. The statement further specified that the total purchase consideration for the acquisition of 100 per cent equity in Clean Coats would amount to INR 120 crore.
According to Birla, the merger would combine Clean Coats' technical know-how, proven formulations, and export capabilities with BirlaNu's strong brand reputation, market access, institutional relationships, and execution scale. She added that this collaboration would strengthen their leadership in offering high-performance solutions for complex infrastructure and industrial clients, while also expanding their footprint in the retail segment.
Akshat Seth, Managing Director and CEO of BirlaNu, explained that the acquisition aligned with BirlaNu's commitment to doubling its product portfolio over the next three years with an investment outlay exceeding INR 1,300 crore. He noted that the company aimed to reinforce its position as a leading, end-to-end provider of building products and solutions by offering innovative and sustainable products tailored to evolving consumer demands.
Clean Coats is recognised as a prominent manufacturer of high-performance coatings and specialised construction chemicals, catering to some of the most demanding industrial, oil and gas, and water management projects across India and more than 27 countries worldwide.
Through the acquisition of Clean Coats, BirlaNu is positioning itself to expand its capabilities within the specialty construction chemicals market and strengthen its leadership in high-performance coatings. The merger brings together two complementary entities-one known for innovation and technical expertise, and the other for market reach and execution scale-setting the stage for accelerated growth, enhanced product diversity, and greater global competitiveness within the construction materials sector.
Source - PTI
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