Jyothy Lab's laundry arm acquires Delhi-based Diamond Fabcare
22 Mar 2011
Jyothi Fabricare, the laundry arm of FMCG company Jyothi Laboratories, has acquired a 100 per cent stake in Delhi-based laundry player Diamond Fabcare Private Ltd (DFPL).
The company did not disclose the cost of the acquisition.
DFPL, a member of Dry Cleaning & Laundry Institute, USA, has 62 outlets across Delhi, Noida, Gurgaon and Gaziabad.
The Delhi-based laundry major has a significant presence in both institutional and retail segment with `Wardrobe' being its most popular brand.
DFPL enjoys core competency in the laundry segment with the state-of-the-art machinery, including use of 100 per cent RO water processing, innovative supply chain system driven by sophisticated IT system and record keeping. The laundry major also enjoys collaboration with international players for technical expertise.
DFPL offers dry cleaning, laundry, starching, ironing and other special services for wedding wear, evening and party wear, carpets and rugs, home furnishings and also does retail merchandising.
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