Equistone-backed GALA Kerzen acquires majority stake in Ramesh Flowers

Germany-based GALA Kerzen, a leading manufacturer of candles, has acquired a majority stake in Ramesh Flowers, an Indian manufacturer and exporter of potpourri, air fresheners, incense sticks, candles and decorative products. Both the companies refused to disclose the financial terms of the deal.

This strategic partnership will expand both GALA Kerzen and Ramesh Flowers’ range of high-end scented and decorative products and enable the groups to move into new markets, said the companies.

The deal represents a strategic expansion for Equistone and its portfolio company GALA Kerzen.

Founded in 1982 at Tuticorin, southern tip of Tamil Nadu by Mahendra Raj Singhwi, who continues