Magicrete Acquires Majority Stake in Maxlite, Expanding AAC Block Manufacturing Capacity

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Magicrete, a leading producer of building products, construction chemicals, and precast solutions, has finalized the acquisition of a majority stake in Maxlite, a prominent AAC Blocks manufacturer based in South India. This strategic move aims to bolster Magicrete's total installed capacity of AAC blocks to 1.8 million cubic meters per annum. While the exact stake acquired and the deal value remain undisclosed, this acquisition signifies Magicrete's commitment to expanding its footprint in the AAC block manufacturing sector.

Maxlite, headquartered in Bengaluru, operates two AAC block manufacturing facilities, one each in Karnataka and Tamil Nadu. With a combined annual capacity of 500,000 cubic meters, Maxlite is positioned as a key player in the AAC blocks market in South India. The acquisition by Magicrete is poised to leverage Maxlite's existing infrastructure and expertise, further enhancing Magicrete's capabilities in providing sustainable and resource-efficient construction solutions.

AAC (Autoclaved Aerated Concrete) blocks serve as eco-friendly alternatives to traditional red clay bricks, offering superior thermal insulation properties and reducing construction time and structural load. They are manufactured using waste fly ash, consuming significantly less energy compared to conventional building materials. By integrating Maxlite's operations into its portfolio, Magicrete aims to capitalize on the growing demand for AAC blocks in the construction industry, catering to the evolving needs of customers seeking environmentally friendly building solutions.

The completion of this acquisition underscores Magicrete's strategic vision to consolidate its position as a leader in the AAC blocks segment. With a focus on innovation, sustainability, and customer satisfaction, Magicrete is poised to drive growth and deliver value to stakeholders in the construction sector. This move not only strengthens Magicrete's market presence but also reinforces its commitment to advancing sustainable construction practices in India.