JRG Automotive Industries Private Limited has acquired the two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI), expanding its manufacturing presence in South India. The acquisition includes two operational manufacturing facilities located in Manesar, Haryana, and Bangalore.
The acquired division specializes in plastic injection-moulded components for two-wheeler original equipment manufacturers (OEMs), construction equipment manufacturers, and Tier-1 two-wheeler suppliers across India. SEFI, a subsidiary of Stanley Black & Decker, Inc., will continue its core operations in engineered metals and plastic fastening solutions at its Chennai and Bangalore facilities.
Pawan Goyal, Founder & Managing Director of JRG Automotive Industries, stated that the acquisition enhances the company’s presence in India’s automotive hubs and provides an opportunity to expand into infrastructure equipment manufacturing.
JRG Automotive Industries manufactures plastic components for the automotive and defense sectors. The company has stated its intention to double revenue within the current year through domestic and international joint ventures and acquisitions.
The financial terms of the transaction were not disclosed. SEFI continues to operate in the engineered fastening solutions market, serving the aerospace, automotive, and industrial segments.