Strategic Acquisition Announced
Hyderabad, September 02, 2024: Regency Ceramics has completed the acquisition of Segno Ceramics Private Limited in Bapatla district, Andhra Pradesh, effective August 22, 2024. This acquisition provides Regency Ceramics with full control of the manufacturing plant and supports the state’s industrial growth and job creation goals.
Details of the Acquisition
The all-cash deal, free from heavy capital expenditure, involves a 50-acre plant with a production capacity of 3.6 million square meters annually. The facility will enhance Regency’s ability to produce Glazed and Polished Vitrified Tiles.
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Future Plans
Managing Director Satyendra Prasad Narala noted the acquisition’s role in addressing production needs and strengthening market presence. Regency Ceramics targets a revenue of ₹100 crore in the next year, leveraging its presence across multiple states.
Strategic Location
The plant’s advanced machinery and its proximity to Chennai and Krishnapatnam ports are expected to bolster Regency’s growth in the ceramics market.
Contribution to State Growth
The expansion aligns with Andhra Pradesh’s infrastructure development goals, contributing to the state’s industrial and economic advancement.
