KURL-ON ACQUIRES INTERNATIONAL MATTRESS BRAND SPRING AIR
Acquisition to boost Kurl-on’s revenue to Rs. 2,200 crores in the next two years Kurl-on, India’s leading brand of mattresses, furniture and furnishing products, today announced the acquisition of Spring Air, the leading International brand and amongst the top 10 manufacturers of bedding products in the world, for an undisclosed amount. The acquisition covers Spring Air’s operations across India, Bangladesh, Sri lanka and Pakistan. With this acquisition, Spring Air and Englader brand of mattresses will now be under the Kurl-on umbrella. The acquisition will strengthen Kurl-on’s presence in the premium bedding segment, besides enabling them penetrate the fast growing demand in the hospitality sector and is in line with Kurl-on’s aggressive expansion strategy of both its product portfolio and retail presence. Spring Air’s product portfolio of niche, specialised products ranging across the premium and luxury category will now be available across Kurl-on’s 1300+ exclusive franchi...