Fletcher Building expands laminates business in India with $8.2M purchase

Sun, 11 Nov 2012

Nov. 12 (BusinessDesk) - Fletcher Building has agreed to buy a laminates manufacturer in the Indian state of Gujurat for 365 million rupees ($8.2 million) to expand its operations in the sub-continent. Fletcher’s local affiliate, Formica Laminates (India) Private, will acquire the assets of the decorative laminate manufacturing business of listed Indian manufacturer Well Pack Papers & Containers, it said in a statement. The deal will settle before the end of the year, it said. “India represents the world’s largest laminate market and by esta...

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