Kemrock to acquire Top Glass SpA

Pultruder Kemrock Industries has acquired the assets of Top Glass SpA.

Kemrock Industries & Exports Ltd (Gujarat, India) has announced that it has reached an in-principle understanding to acquire the business of Top Glass SpA (Osnago, Italy). The deal was negotiated and agreed in-principle on Feb. 8, 2008, by Kalpesh Patel, chairman and managing director of Kemrock and Mr. Alfonso Branca, managing director of Top Glass, as reported by the Web site www.equitybulls.com.

The acquisition, subject to customary due diligence, will enable Kemrock to integrate Top Glass’ technical capabilities in pultrusion with Kemrock’s growing reputation as a major Asian composites manufacturer employing all the major process technologies.

Top Glass will remain an autonomous entity as a subsidiary of Kemrock.