Kemrock Industries to acquire the business of Top Glass SpA, Italy

Kemrock Industries & Exports Ltd has announced that the Company has reached an in-principle understanding to acquire the business of Top Glass SpA, Italy.

The deal was negotiated and agreed in-principle on February 08, 2008, by Mr. Kalpesh Patel, Chairman and Managing Director of Kemrock and Mr. Alfonso Branca, Managing Director of Top Glass.

The acquisition of majority holding, which is subject to customary due diligence, documentation and compliances with the applicable regulations / approval would enable, Kemrock to integrate Top Glass' World renowned technical Capabilities in the field of pultrusion with Kemrock's growing reputation as Asia's leading composites manufacturer employing all the major process technologies.

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