Peps and Restonic renew agreement

KOCHI: Peps Industries and the US-based Restonic Mattress have renewed their agreement them by another 25 years. The company which notes a growth of more than 20 per cent annually has a capital around Rs 2,100 crores. In the current fiscal, the company forecasts a profit of Rs 120 crores and in the next year the target is at Rs 200 crores, Peps Industries managing director K Madhavan said.