Indian plastic and textiles maker Sintex Industries Ltd. plans to acquire a European composites firm by March 2008. The company, with which the deal is expected to be finalized, has sales of about US$30 million in Europe. Sintex has set aside Rs 1.1 bln to be funded through internal accruals for these acquisitions.
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http://plastemart.com/plasticnews_desc.asp?news_id=10736&P=P
Tuesday, August 28, 2007
Sintex Industries plans to acquire European composites firm
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