CG to acquire CFL business of Karma Inds

CG to acquire CFL business of Karma Inds
Crompton Greaves (CG) has entered into a definitive agreement with Karma Industries to buy the latter’s compact fluorescent lamp (CFL) manufacturing business. The operations, located in Baddi, Himachal Pradesh, are dedicated to manufacturing CFL products.
This acquisition which will double CG’s capacity in the fast-growing CFL segment, will be integrated with the consumer business unit, a company statement said.
Laurent Demortier, Chief Executive Officer & Managing Director, CG, said, “This acquisition reinforces our presence in the rapidly growing Indian consumer market. The state-of-the-art facility can manufacture 2 million lamps per month, not only providing us with immediate capacities but also allowing us to offer a complete range of CFL lamps.”
Ash Gupta, President Consumer Business, CG, said, “Spread across 4,500 sq m, the facility will enable us to better serve our customers and channel partners with high quality products.”

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CG to acquire CFL business of Karma Inds

CG to acquire CFL business of Karma Inds
Crompton Greaves (CG) has entered into a definitive agreement with Karma Industries to buy the latter’s compact fluorescent lamp (CFL) manufacturing business. The operations, located in Baddi, Himachal Pradesh, are dedicated to manufacturing CFL products.
This acquisition which will double CG’s capacity in the fast-growing CFL segment, will be integrated with the consumer business unit, a company statement said.
Laurent Demortier, Chief Executive Officer & Managing Director, CG, said, “This acquisition reinforces our presence in the rapidly growing Indian consumer market. The state-of-the-art facility can manufacture 2 million lamps per month, not only providing us with immediate capacities but also allowing us to offer a complete range of CFL lamps.”
Ash Gupta, President Consumer Business, CG, said, “Spread across 4,500 sq m, the facility will enable us to better serve our customers and channel partners with high quality products.”

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