Dhirup Roy Choudhary, MD & CEO, HIL with Lubert Winnecken, CEO of Parador, and Mirco Thelen from Nord Holdings

CK Birla, Chairman of The CK Birla Group, said: "We look forward to a very successful association with Parador to create a stronger combined entity. I compliment both the management teams for their hard work to bring the agreement to fruition seamlessly. As we pursue the identified complementarities between our businesses, HIL will emerge even stronger within its field globally, delivering sustainable value to all its stakeholders." 

Complimenting to the chairman's sentiments, HIL's Managing Director & CEO, Dhirup Roy Choudhary said "Our vision of moulding HIL into a global building material solutions specialist is a step closer with the consummation of the Parador acquisition. Besides augmenting our business mix into flooring solutions, we are looking at leveraging the trade relationships and market understanding of Parador to strengthen our business position. Parador brings with itself best-in-class technology, brand equity, market access and robust financials and will complement HIL's growth aspiration going forward."

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