Somany Ceramics has acquired a majority stake in Delhi-based Durabuild to enter the construction chemicals market. The move supports Somany’s goal of becoming a full-spectrum building solutions provider, with Durabuild now operating under the Somany brand.
Faces behind Somany Ceramics (Source: prhandout)
Somany Ceramics Ltd., a manufacturer of kitchen, wall, ceramic, & floor tiles, bathware and sanitaryware, has acquired a majority stake in Durabuild, a Delhi-based manufacturer of construction chemicals, to expand its operations into the construction chemicals markets.
Grant Thornton Advisory Private Limited acted as the exclusive financial advisor for this transaction.
Durabuild was founded in 1998 by the late Dr. Dhananjoy Ghanti, and is currently headed by Mr Rudrabir Ghanti. It has portfolios across waterproofing systems, concrete admixtures, tile adhesives, protective coatings, grouts, sealants, and repair mortars.
This acquisition supports Somany’s strategy to become a complete building solutions provider, offering both surface and structural products. Durabuild will now operate under the flagship brand 'Somany'.
India’s construction chemicals market is on a strong growth trajectory. The waterproofing segment is currently estimated at USD 1.2 billion in 2024 and is projected to reach USD 2.0 billion by 2030, and the cement admixtures segment is expected to more than double to USD 1.9 billion by 2033.
Speaking on the acquisition, Abhishek Somany, Managing Director & CEO, said, “This acquisition is a strategic leap in our journey to become a full-spectrum building materials brand. Durabuild’s technical heritage and institutional trust, combined with Somany’s pan-India brand and distribution network, give us the right foundation to scale this business nationwide.”
Somany plans to deepen its footprint across India by building category awareness in selected segments of the construction chemical space.
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