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PE firms sounded out for sale of controlling stake in Kurlon
MUMBAI: Carlyle, KKR, Blackstone, Bain, TA Associates and Warburg Pincus are global private equity buyout funds approached to buy a controlling stake in India's leading mattress maker Kurlon, said three people with direct knowledge of the development as the latter's strategic options beyond the previously planned IPO.
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Kurlon becomes the first SME to implement SAP S4 HANA for its 9 factories
Mattress manufacturing firm Kurlon will be the first SMEs to go live on SAP S4 HANA for its nine factories, one corporate office and 75 branches across India. Established in 1962, the company is the leading mattress manufacturer in the country. Kurlon has the PAN India presence and operates in vivid range of bed accessories.
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Kurl-On inks deal with Amazon for online brand store
Home comforts company, Kurl-On Enterprise Ltd, on Monday said it has entered into a strategic partnership with Amazon India to launch an online brand store in the sofa category. The partnership will help Kurl-On reach out to a very large base of online consumers across the country while it helps Amazon's efforts to launch the furniture portfolio in its home segment.
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Motilal Oswal PE invests Rs 90 crore in Kurlon
MUMBAI: Motilal Oswal Private Equity Investment Advisors (MOPE) has invested Rs 90 crore in mattress and foam manufacturing company Kurlon. The funds will be used for investing in capacities, deepening the distribution network, Kurlon said in a statement.
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Kurlon to start Rs 50 crore Roorkee plant in July, targets Rs 1000 crore FY 16 revenue
Bangalore based mattress maker Kurlon on Wednesday said it has invested Rs. 50 crore for its new plant in Roorkee, which will go on-stream in July. "Out new plant in Roorkee, Uttaranchal has seen investment of about Rs. 40-50 crore. The plant will go on-stream in July and mainly produce foam mattresses. We will also explore the possibility of producing any other mattress that cannot be produced in Gwalior," Kurlon Ltd, Chairman and Managing Director, T Sudhakar Pai said.
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Fidelity may buy 15% stake in Kurlon for Rs 150 crore
MUMBAI: Private equity fund Fidelity India Capital Advisors will purchase around 15% stake in Manipal group-owned home furnisher and decorator Kurlon for about Rs 150 crore, two investment bankers with direct knowledge of the development said.
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Kurlon Enterprise targets 1 million retail footprint
Kurlon Enterprise, India’s leading mattress, sofa, furniture and furnishing products company, intends to target one million retail footprint in India for FY 2018-19. The brand stores are targeted at providing consumers an experience of the range of home comfort products. The company aims to give a boost to its leadership and infuse growth in the category.
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Top PE firms eye stake in Kurlon; ReNew Power may buy Ostro from Actis
Mumbai-based mattress maker Kurlon Enterprise Ltd is in talks with global private equity funds to sell a controlling stake, a financial daily reported.Three unnamed people told The Economic Times that Kurlon was in talks with private equity firms Carlyle, KKR, Blackstone, Bain Capital, TA Associates and Warburg Pincus.
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Kurlon plans major expansion in Chhattisgarh
Kurlon Enterprises Limited, country’s leading mattress company, is eyeing a major expansion in Chhattisgarh. The company will soon increase its Kurlon Mattress Xpress (KMX) outlet to five from the existing two located in Raipur and Bhilai.
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Kurlon’s growth spree
Kurlon Enterprises, makers of Kurlon mattresses, is gearing up to tap the Rs 6000 crore-plus mattress market in India more aggressively. The company will be coughing up nearly Rs 200 crore over the next couple of years to ramp up capacity, put up new manufacturing facilities, top company officials said.
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Kurlon to expand presence; make furniture, sofas in Odisha
Kurlon Enterprises known for its Kurl-on brand of mattresses has decided to make furniture and sofas at its factory in Bhubaneswar. "We are expanding our presence in Bhubaneswar. The state government has alloted us 20 acres of additional land and we hope to complete our expansion by March 2018.
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Kurlon bags three excellence awards at the coir industry awards
Bangalore based Kurlon, India's largest mattress brand has once again reasserted its supremacy in the Indian Coir Industry by bagging three prestigious awards at the Coir Industry Awards Ceremony held in Ludhiana on October 17, 2016. For the Year 2014-2015, Kurlon has bagged awards for: Best Performance in Domestic Market of Rubberized Coir Mattress Largest Fresh Investment in Coir Industry Research & Development Efforts in Machinery Development The Minister for Small and Medium Scale Industries
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Kurlon launches new range of mattresses using 'Kurlopedic Technology'
Kurlon, India's largest selling mattress brand has brought out its latest innovation - Kurlopedic Technology and launched new range of mattresses.All existing products from Kurlon have been upgraded and infused with the Kurlopedic innovation and are available now with the benefit of this latest technology. The launch took place in Delhi and Lucknow.
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Kurl-On and Amazon Join Hands; Launch Exclusive Sofa Brand Store
India’s leading home comforts company today announced its strategic partnership with Amazon India launching an exclusive range of sofa collection, taking its excellence in comfort to the living room category. Kurl-On is the first company in the sofa category to launch a brand store at Amazon India giving users an improved browsing experience. The partnership will help Kurl-On reach out to a very large base of online consumers across the country while it helps Amazon launch the furniture portfolio in its home segment. The initiative will help strengthen the brand equity of Kurl-On increasing its reach across the country.
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Kurlon enters e-commerce fray for online sale of products
The 800-crore company, whose products are available in 10,000 multi-brand stores across the country, has been selling on Snapdeal, Amazon, Pepperfry, FabMart and FabFurnish, since June 2015.
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Motilal Oswal commits $13.8m to India's Kurlon
Kurlon will use the capital to grow its manufacturing capacity and deepen its distribution network, along with enhancing brand recognition, according to a statement.
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Kurlon enters furniture, home linen categories
Kurlon Enterprise Ltd, India’s largest mattress company, is expanding its product portfolio to include home furnishings to accelerate growth after focusing on its core mattress business for the past five decades.