Campus Activewear acquires land & building for capacity expansion
14 April 2023, Mumbai
Campus Activewear, a sports and athleisure footwear company, has acquired a land parcel and a building from FMCG major Marico Industries Ltd in Paonta Sahib, Himachal Pradesh, in an all-cash deal worth Rs 16.70 crore.
The acquisition is expected to enable Campus Activewear to expand its manufacturing capacity for semi-finished goods and assembly of footwear. The move is aimed at meeting business growth and increased backward integration, and the capacity expansion is expected to be completed within 1.5 years from April 2023. In FY22, Campus Activewear's revenue stood at Rs 1,194.18 crore.
Campus Activewear is a well-known brand that offers a range of sports and athleisure footwear. The company has a strong presence in the Indian market and is known for its high-quality products.
With this recent acquisition of land and building, the company is expected to further strengthen its position in the industry and expand its production capacity.
