Hardware supplier Caldwell has announced the acquisition of Mumbai-based distributor Archintex, which already supplies Cotswold hardware across the Indian subcontinent.
CEO Eric Mertz said: ““We want to be part of one of the most dynamic economies in the world. India is set to grow 7.3% this year and 7.5% the next – that’s faster than China. By 2050, it’s expected to overtake America as the second-biggest economic power on Earth.
“Most excitingly for us, much of that growth will come from construction. The government’s Housing for All initiative will see hundreds of thousands of homes built in the next few years.”
Market Development Director Tim Ferkin added: “We’re hugely excited to have the Archintex team join the Caldwell family. Together, we can provide even more seamless distribution of Cotswold hardware, and further expand the range of products we can provide.”