JRG Automotive acquires Stanley Engineered Fastening's two-wheeler plastics division

JRG Automotive Industries has taken over Stanley Engineered Fastening's two-wheeler plastics division, increasing its manufacturing presence in South India.

Autocar Pro News Desk By Autocar Pro News Desk calendar 03 Feb 2025 Views icon4022 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
JRG Automotive acquires Stanley Engineered Fastening's two-wheeler plastics division

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 in Manesar, Haryana, and Bangalore.

The acquired division produces plastic injection-moulded components for two-wheeler 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 factories.

Pawan Goyal, Founder & Managing Director of JRG Automotive Industries, stated that the acquisition strengthens the company's presence across India's three major automotive hubs and expands its reach into the infrastructure equipment manufacturing segment.

JRG Automotive Industries, which manufactures plastic components for the automotive and defence sectors, aims to double its revenue in the current year through domestic and international joint ventures and acquisitions.

The company has established itself in the automotive components sector, particularly in plastic manufacturing. This acquisition marks a significant expansion of its manufacturing capabilities and geographic footprint in India's automotive manufacturing landscape.

The transaction value was not disclosed by either company. Stanley Engineered Fastening India has maintained its position in the engineered fastening solutions market, serving the aerospace, automotive, and industrial segments.

RELATED ARTICLES
'Small EV Players Will Survive Too' - Jitendra EV

auther Darshan Nakhwa calendar18 Mar 2025

The Nashik-based EV manufacturer believes smaller players can do well if they offer good quality at an affordable price....

Indian Superbike League Launched to Expand Motorcycle Racing in India

auther Sarthak Mahajan calendar18 Mar 2025

The Indian Superbike League (ISBL), sanctioned by FMSCI, aims to provide a structured platform for professional motorcyc...

Kia India Implements Price Increase Across Vehicle Range

auther Angitha Suresh calendar18 Mar 2025

Citing rising commodity and supply chain costs, the automaker announces a price adjustment of up to 3% on all models beg...