Polyhose Group acquires Ashok Leyland-John Deere JV facility

Polyhose Group acquired the construction equipment manufacturing facility of the Ashok Leyland-John Deere joint venture. The group plans to invest Rs 100-120 crore in the new business and start manufacturing construction equipment within a year.

“Polyhose Group, which has been manufacturing hoses for both the Indian and export markets, has acquired the construction equipment manufacturing facility of the Ashok Leyland-John Deere, joint venture, to foray into this segment.”mnacritique.mergersindia.com

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• mnacritique.mergersindia.comPolyhose acquires Ashok Leyland-John Deere JV facility | M&A CritiqueJun 21, 2017

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