Orient Ceramics To Acquire Majority of Bell

New Delhi, India, Sept. 23, 2010--Orient Ceramics and Industries (OCIL) is set to purchase a majority stake in Bell Ceramics Ltd.

BCL as a company was started in 1985 to manufacture ceramic glazed tiles. It has two strategically located plants near major Indian markets – One near Vadodra in Gujarat and the other near Bangaluru, Karnataka in Southern India one of the largest consumers of ceramic tiles in India.

Orient said the acquisition of majority of stake in BCL is in line with its inorganic growth strategy. Combined sales will make OCIL the fourth largest tile company in the country.