Batliboi buys out Canadian machine tool firm
New
Delhi,
Mar
26:
Batliboi
Ltd
today
said
it
has
acquired
Canada-based
machine
tool
company
Quickmill
Inc
in
an
all-cash-deal
of
Rs
22
crore.
Batliboi
is
a
leader
in
textile
humidification
systems,
which
are
used
to
maintain
moisture
during
the
spinning
process.
Last
month,
the
company
said
it
will
set
up
a
wholly-owned
susbsidiary
in
Mauritius,
Cyprus
or
Switzerland.
UNI
Comments
Story first published: Monday, March 26, 2007, 17:19 [IST]