As the Indian home appliance company, TTK Prestige, is planning to expand its footprint globally, it has acquired the entire stake in Silampos UK, which owns British table and cookware supplier Horwood Homewares.
Horwood owns brands such as Horwood, Stellar and Judge and is also a distributor of international brands supplying more than 2,000 table and cookware across key European markets.
Horwood has been in business since 1896. It has a broad customer base of over 1,000 retailers. The business posted revenue of 18 million pounds in 2015.
This transaction is a step forward in strengthening the globalisation strategy of the TTK Group. The deal enables the TTK Group to use its innovation, design and manufacturing capabilities with international brands to significantly expand its global operations.