The Storage Solutions business of Godrej & Boyce, a part of the Godrej Enterprises Group on Thursday announced the acquisition of Armes Maini, a Bengaluru-based manufacturer of storage shelving systems and mezzanine structures for an unspecified amount.
The acquisition includes a manufacturing facility on the outskirts of Bengaluru, with capacity of 20,000 tonne per annum, spanning 150,000 square feet. This facility will increase capacity for shelving solutions by around 35%, the company said in a statement.
Vikas Choudaha, Executive Vice President & Business Head, Storage Solutions, Godrej Enterprises Group, said, “ With only 40% of current warehousing facilities classified as Grade A, there is a pressing need for sustainable, cutting-edge solutions to improve the quality and efficiency of India’s warehousing infrastructure.”
“As the dominant player in India’s storage solutions industry, with over 30% market share, this strategic acquisition …..will allow us to meet the increasing demands of booming sectors like e-commerce and quick commerce driven by consumption trends and serve the demand for advanced warehousing solutions.”
Published – October 03, 2024 09:33 pm IST
