International Conveyors Ltd, a top conveyor belt manufacturer, has made an equity share acquisition in La Opala RG, a leading company in the tableware and glassware sector. This move represents International Conveyors' foray into the consumer goods space, diversifying its investment portfolio.
Points to note:
The number of shares purchased and the value of the transaction have not been revealed yet
La Opala RG is famous for its opalware products and has a dominant market presence in India
This merger could yield synergies in terms of distribution and market coverage
The La Opala RG investment is a major departure for International Conveyors, which has historically dealt in industrial products. The diversification move may enable the company to reduce risks from economic cycles in the industrial segment while accessing the expanding consumer market in India.
Investors will be keenly observing how this acquisition affects International Conveyors' financials and long-term growth strategy.
Source: International Conveyors Ltd regulatory filing to BSE, Economic Times, March 13, 2025