UP: Woodland to acquire sick leather units to expand its manufacturing base

Holding talks with sick units for inorganic expansion

Footwear and adventure gear brand Woodland is looking at acquiring a clutch of sick tannery and leather units in Kanpur to expand its manufacturing base in Uttar Pradesh.

The company, which already owns 15 apparel manufacturing units in the Noida region, has plans up its sleeve to develop an integrated leather footwear manufacturing plant in the state. Since Kanpur is the primary tannery and leather hub in UP, the company is scouting for inorganic expansion opportunities there.

“We are holding talks with a few sick tanneries in Kanpur for a possible takeover of their plants,” Woodland managing director Harkirat Singh told Business