Greenlam acquires Decolan
Post acquisition, Decolan SA is going to be managed as a subsidiary of Greenlam Asia Pacific.
Kolkata: Greenlam Industries Ltd, a leading provider of decorative surfacing solutions, has now acquired Europe based Decolan SA. The Europe based distribution company has been the leading supplier of imported HPL and other decorative surfaces for over 20 years now.
Post acquisition, Decolan SA is going to be managed as a subsidiary of Greenlam Asia Pacific. The existing Decolan's team and management will be a part of Greenlam Decolan SA which will allow to further strengthen relations with customers and suppliers in the European markets.
The acquisition is expected to be completed in the first quarter of FY20 and will further strengthen Greenlam's position in the HPL and compact panels market in Europe. With this take over, Greenlam will be able to offer expanded product line to the customers.