JRG Automotive Industries Private Limited, a leading manufacturer of plastic components for the automotive sector with a growing presence in the defense industry, has successfully acquired the two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI) for an undisclosed amount. This division specialises in the production and supply of plastic injection molded components for prominent two-wheeler OEMs, construction equipment manufacturers, and Tier-1 two-wheeler suppliers across India.
The acquisition includes two fully operational manufacturing units, one located in Manesar (Haryana) and the other in Bangalore, further enhancing JRG’s
manufacturing capabilities and geographical reach.
SEFI, a subsidiary of the US-based Stanley Black & Decker, Inc., is recognised for its expertise in engineered fastening solutions serving the Aerospace, Automotive and Industrial segments. SEFI will continue to manufacture and strengthen it’s core engineered metals and plastics fastening solutions at Chennai and Bangalore factories.
Pawan Goyal, Founder & Managing Director of JRG Automotive Industries, commented on the acquisition, “With this acquisition, we are establishing a strong foothold in South India, particularly in Bangalore, solidifying JRG’s presence across all three major automotive hubs in India. Furthermore, adding infra equipment manufacturers as a customer strengthens our entry into infra equipment manufacturing segment, expanding our market reach.”
JRG Automotive is poised for exponential growth and is targeting a doubling of its revenues in the current year. This ambitious goal is underpinned by a strategic focus on domestic and cross-border Joint Ventures and acquisitions.
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