📈 BPPL’s Beira Brush Acquires Ravi Industries Customer Base in Strategic Regional Push

• Strategic Acquisition: BPPL Holdings PLC, through its subsidiary Beira Brush (Private) Limited, has entered into a Business Transfer Agreement (BTA) to acquire the entire customer base, "Ravi" trademark, and associated intellectual property of Ravi Industries Limited (RIL). • Deal Structure & Valuation: The transaction features a performance-linked payment schedule spread over a five-year period. Annual installments will be tied directly to revenue generated from the acquired customer base. The minimum envisaged total consideration for the five-year term is Rs. 300 Mn. • Operational Efficiency: The integration of RIL’s customer production into Beira Brush’s existing manufacturing facilities aims to unlock synergies, optimize operations, and reduce overhead costs. • Regional Footprint: This consolidation is projected to elevate Beira Brush's standing on the global stage, positioning it among the largest manufacturers of industrial brush-ware in Asia.