Briloca to acquire HSIL’s building products manufacturing business for Rs 630 crore

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New Delhi, Jan 15 (PTI) Brilloca, a wholly owned subsidiary of Somani Home Innovation Limited (SHIL), has announced the acquisition of building products manufacturing business of HSIL Limited for Rs 630 crore.

Brilloca said in a statement that the acquisition would give it better control over the entire chain from manufacturing to post-sales. Briloca is engaged in the marketing and distribution of building products such as sanitaryware, faucets, plastic pipes and fittings.

“This acquisition is in line with Brilloca’s vision of safe, sustainable and fast-paced business performance,” SHIL Chairman and Non-Executive Director Sandeep Somani said in a statement.

“As part of this acquisition, the entire operations of HSIL related to building products such as sanitaryware, taps, plastic pipes and fittings will be transferred to Brilloca,” the statement said.

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