India: Japan's Sumitomo Forestry buys 26% stake in Spacewood Furnishers

India: Japan's Sumitomo Forestry buys 26% stake in Spacewood Furnishers

Spacewood in association with Sumitomo Forestry Crest Co. Ltd., a unit of Sumitomo Forestry, will set up a new factory to make pre-hung doors. Visual from Spacewood website.

Modular furniture maker Spacewood Furnishers Pvt. Ltd on Wednesday said it has sold its 26% stake to Japanese firm Sumitomo Forestry Co. Ltd, a housing materials and timber trader. The company did not disclose the deal amount.

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