Thursday, 12 July 2018

RAK Ceramics weighing up acquisition opportunities | ZAWYA MENA Edition

RAK Ceramics weighing up acquisition opportunities | ZAWYA MENA Edition:

RAK Ceramics is set to hit the acquisition trail as the company seeks to move back onto a growth footing after spending the past three years implementing a 'value creation plan'.

Speaking to Zawya at the company's headquarters in Ras Al Khaimah in May, chief executive Abdallah Massaad said that any potential target would have to operate within its core markets of tiles, tableware and sanitaryware.

"This is the core business. We are not looking to invest in other than our core business products," Massaad said.

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