When coir meets foam – How Kurlon and Sleepwell became bedfellows thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Sheela Foam will have a 21% market share after acquiring Kurlon. But this doesnt mean challenges for the company are over. It has to first get Kurlons house in order by reviving its sales. Secondly, for a company that has been listed since 2016, its stock performance hasnt been impressive. But theres a bigger challenge from the unorganised market.
Sheela Foam to buy Kurlon for Rs 2,150 crore tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
The Street believes the deal with Kurlon is financially attractive while the acquisition of Furlenco will allow Sheela Foam to enter the branded furniture market and facilitate cross-selling between the two companies.