Prism Cement acquires remaining stake in MBF

Prism Cement acquires remaining stake in MBF
Published: 29 June 2010

Prism Cement on Monday said it has acquired the remaining 50 per cent stake in Milano Bathroom Fittings for an undisclosed sum.

"Post acquisition, Milano Bathroom Fittings (MBF) becomes a wholly-owned subsidiary of Prism Cement and will continue to be managed through H and R Johnson (India) division," it said in a release.

H and R Johnson (India), the tiles division of Prism Cement, had acquired a 50 per cent stake in MBF in 2006. MBF has a manufacturing plant at Baddi in Himachal Pradesh.