Grindwell Norton Ltd. (GNO), a Saint-Gobain Group company in India, has completed the acquisition of PRS Permacel Pvt. Ltd., a manufacturer of speciality adhesive tape and label solutions, from the PRS Group, founded by the Premchand family in 1856. This acquisition will facilitate its seamless integration with GNO’s Composite Systems business unit.
PRS Permacel develops and markets a wide range of adhesive tape and thermal insulation solutions for the industrial, railways & metro, two wheelers and EV markets. The company has a manufacturing facility in Ambernath near Mumbai and employs 176 people.