Japan materials maker to buy 53% of Stylam Ind in ₹2,030 crore deal

“Stylam is the leading manufacturer and distributor of HPL (High Pressure Laminates) and related products in India. In addition to its strong presence in the Indian domestic market, Stylam has expanded into regions including Europe, Middle East, North America and Asia and has a strong global presence, a solid earnings base and sustainable growth potential,” Aica Kogyo said in a regulatory statement. he said. “Through this acquisition, our group will further strengthen its production bases and sales network in the fast-growing Indian market and expand our business from an Asia-based offshore operation to a truly global scale,” the statement said.