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Rehau Strengthens Indian Market Presence With 51% Stake Acquisition In Red Star Polymers
- REHAU Group, based in Germany, has acquired a majority stake in Chennai-based RED STAR Polymers through foreign direct investment from its Swiss entity.
- Under the leadership of veteran Mr Karthikeyan, RED STAR is predicted to excel in the edgeband sector.
- The firm currently employs 200 people, but that number is expected to increase to 250 with upcoming expansion plans.
- REHAU aims to acquire the remaining 49% of RED STAR Polymers over the next three years.
- The acquisition will expand REHAU's product portfolio, broadening its reach in the interior solutions market across retail and OEM markets.
- The move will empower REHAU to capitalise on the growing demand for affordable, high-quality Edgebands in Tier II and Tier III cities.
- This acquisition is part of REHAU's expansion strategy, reinforcing their commitment to making premium products accessible to all.
- Established in India in 1997, REHAU is committed to the Indian market, having made significant investments in the country.
- The deal reflects REHAU's journey of strengthening its presence in India's evolving market landscape.
- The acquisition marks a crucial step in exploring India's cost-conscious markets, where demand for reliable and affordable solutions is on the rise.
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