Kenya-based Chinese tile manufacturer Keda (Kenya) Ceramics Company Limited has received approval to acquire assets of a struggling competitor in a deal estimated at Sh1 million, extending its lead in the floor and wall tiles business.
The Competition Authority of Kenya (CAK) on Tuesday gave the greenlight to Keda, the market leader in Kenya’s floor and wall tiles business, to acquire Ramoda Ceramics Limited, which had the third highest market share in the tiles business before liquidity challenges forced it to shut down.
