BPPL to acquire Ravi Industries customer base in Rs. 300 m deal

Wednesday, 15 July 2026 00:05 - - {{hitsCtrl.values.hits}}

Acquires customer base, trademark rights and related IP under business transfer agreement
Consideration linked to revenue generated over five years, with minimum payout of Rs. 300 m
Deal to position Beira Brush among the largest manufacturers of industrial brushware in Asia

BPPL Holdings PLC is expanding its industrial brushware business through the acquisition of the customer base, trademark rights and related intellectual property of Ravi Industries Ltd. (RIL), in a transaction carrying a minimum consideration of Rs. 300 million payable over five years.

The acquisition will be undertaken by BPPL’s wholly owned subsidiary, Beira Brush Ltd., under a Business Transfer Agreement (BTA) signed with Ravi Industries. The agreement covers the transfer of RIL’s customer base together with the right to use the “Ravi” trademark and associated intellectual property.

Unlike a conventional upfront acquisition, the consideration will be settled through annual payments linked to revenue generated from the transferred customer base and trademarks over a five-year period. BPPL said the total consideration will not be less than Rs. 300 million.

The company said the transaction is expected to create operational synergies by integrating production and manufacturing for Ravi Industries’ customers into Beira Brush’s existing manufacturing facilities, enabling greater cost efficiencies.

BPPL also said the acquisition is expected to position Beira Brush among the largest manufacturers of industrial brushware in Asia.

The transaction was approved by the company’s Board of Directors on 10 July.