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KOLKATA: Acrysil Limited, one of the arch quartz and stainless animate kitchen bore accomplishment and trading companies, has acquired 74% pale in UK based kitchen bore administration company, Homestyle Articles Ltd., for Rs 20.50 crores. The accretion has been fabricated by Acrysil UK Ltd., Acrysil’s wholly endemic accessory in the UK.

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Homestyle Articles Ltd. is in business of importing and business kitchen sinks principally in the UK market. It additionally deals in faucets and affiliated articles to accommodate holistic solutions to its customers. The Aggregation accomplished a about-face of £2.35 actor (approx INR 23 Crores) with EBITDA of £0.54 actor (approx INR 5.3 Crores) for the year concluded 30 June 2014.

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This advance will mark the access of Acrysil into the exceptional UK bazaar for kitchen sinks and accessories. Acrysil anon exports its articles to added than 35 countries common including USA, France, Germany, Russia and countries in the Far East and Middle East. In FY14, exports accounted for about 74% of Acrysil’s turnover.

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Apart from kitchen sinks, which accommodate blended quartz granite sinks and stainless animate sinks, Acrysil additionally deals in kitchen congenital accessories and faucets. Acrysil owns the “CARYSIL” cast which is able-bodied accustomed in the Indian and several across markets.

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The accretion will accord a amazing addition to Acrysil’s business on annual of the assorted opportunities that it opens up for the company. To alpha with, Acrysil’s granite and stainless animate sinks will now accept a accessible bazaar in the UK as the absolute Homestyle Products’ claim of these articles would be gradually transferred to Acrysil. This will additionally accredit Acrysil to rapidly aerate accommodation appliance of its broadcast stainless animate sinks facility.

Going forward, Acrysil affairs to use the Homestyle Products’ business arrangement to acquaint added items from its boutonniere of articles like kitchen chimneys and baker acme in the UK market. Acrysil will additionally advantage Homestyle Products’ belvedere to baby to the European bazaar and advance advance of its exports to Europe.

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