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Exclusive: Havells out to acquire another brand to boost appliances biz

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Electrical products maker Havells India Ltd (HIL), which recently inked an agreement to acquire the white goods and electronics business of Lloyd Electrical and Engineering Ltd, is going aggressive on its acquisition strategy to boost its consumer durables foray. It is out in the market to do a back-to-back transaction to snap another home appliances firm, two people familiar with the plans of the company told VCCircle. While its latest acquisition—Lloyd—was to add a new set of products to its basket, the proposed acquisition is to penetrate deeper into the market in a product is it already selling under its...

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