M'Sharie buys 51% of Anchor Allied

14 October 2008

M'Sharie, a subsidiary of Dubai Investments, has acquired 51% of Anchor Allied, a Sharjah-based manufacturer of adhesive tapes and specialty adhesives. Anchor, which claims a 60% market share in the UAE, is expected to double its current turn-over of Dhs250m within the next three years, according to a press statement.

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