Sheela Foam, known for its brand Sleepwell, has announced its acquisition of Kurlon Enterprise, a rival company. The acquisition will involve the purchase of 100 percent of Kurlon Enterprise in two installments, amounting to a cash consideration of Rs 3,250 crore. This strategic move is expected to have a significant impact on Sheela Foam, nearly doubling its current market share.

With this acquisition, Sheela Foam's market share in India's organized mattres...