Locks and Security News: your weekly locks and security industry news
16th May 2012 Issue no. 120
Your industry news - first
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Godrej Locks sees overseas buys as key to growth
Godrej Locks, the oldest division of the Godrej & Boyce group, is looking at inorganic growth options by acquiring companies in the business of security systems and access control devices.
The 114-year-old division is, for the first time, looking at making inroads into North America, Australia and Europe with the hope of getting its lock brands into these markets.
Speaking to Business Line, Mr Shyam Motwani, Executive Vice-President and Business Head, Godrej Locks, said: "For the first time we are looking at inorganic growth in the business. We are looking at companies which can give us technology and access to international markets and offer us scale in operations. We are seeking new opportunities in America, China and Europe, as even a small percentage of sales in these markets would meet our growth expectations."
16th November 2011