Godrej & Boyce Acquires Armes Maini for Intra-logistics Growth
By Rediff Money Desk, Mumbai Oct 03, 2024 16:10
Godrej & Boyce has acquired Armes Maini, a maker of storage shelving systems, to enhance its intra-logistics capabilities and meet surging demand in the growing logistics sector.
Mumbai, Oct 3 (PTI) Godrej & Boyce on Thursday said it has acquired Armes Maini, a maker of storage shelving systems and mezzanine structures.
The acquisition includes Armes Maini's 20,000 tonne capacity facility in Bengaluru, which would help Godrej & Boyce, a part of Godrej Enterprises group, enhance its intra-logistics capabilities to meet surging demand, the company said.
The acquisition move comes at a crucial time when the logistics industry is experiencing unprecedented growth, driven by evolving consumption patterns and the rapid expansion of quick commerce platforms, it said.
The company, however, did not share the buyout amount.
"With only 40 per cent 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," said Vikas Choudaha, Executive Vice President and Business Head for storage solutions at Godrej Enterprises Group.
The company claims commanding a 30 per cent market share in the storage solution industry in the country.
"Our enhanced capacity 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," he added.
The acquisition includes Armes Maini's 20,000 tonne capacity facility in Bengaluru, which would help Godrej & Boyce, a part of Godrej Enterprises group, enhance its intra-logistics capabilities to meet surging demand, the company said.
The acquisition move comes at a crucial time when the logistics industry is experiencing unprecedented growth, driven by evolving consumption patterns and the rapid expansion of quick commerce platforms, it said.
The company, however, did not share the buyout amount.
"With only 40 per cent 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," said Vikas Choudaha, Executive Vice President and Business Head for storage solutions at Godrej Enterprises Group.
The company claims commanding a 30 per cent market share in the storage solution industry in the country.
"Our enhanced capacity 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," he added.
Source: PTI
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