Superhouse Acquires Spanish Footwear Company - Linea De Seguridad
Superhouse had also availed a Term Loan Facility (ECB) of 1.275 Mn euros from Bank of Baroda.
Linea De Seguridad.S.L.,Spain is engaged in trading and manufacturing of Safety Footwear/ Shoes.
Incorporated in 1980, SHL manufactures and markets finished leather products like footwear, shoe uppers, sports shoes, leather garments, bags, wallets and other leather goods.
It owns leather products brand 'Allen Cooper', and 'Double Duty' brand for marketing safety footwear and garments mainly to the Gulf and European countries.
Last year, Superhouse acquired 100% stake in British footwear firm Briggs Industrial Footwear for 1.40 Mn pounds (Rs.10.3 Cr).
In 2011, Tata International acquired 51% stake in Portugal's Move-On Shoes.
Woodland from Aero group is also planning overseas acquistions.