JRG Automotive acquires SEFI’s two-wheeler plastics division to expand market reach, ET Auto

The acquisition strengthens JRG’s operational capabilities and market reach, particularly in South India.JRG Automotive Industries Pvt Ltd has acquired the two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI), a subsidiary of Stanley Black & Decker. The deal includes two manufacturing units in Manesar (Haryana) and Bangalore, specialising in injection-molded plastic components for two-wheeler OEMs, construction equipment manufacturers, and Tier-1 suppliers. The undisclosed transaction expands JRG’s geographic footprint and production capacity.

JRG’s growth ambitions
Pawan Goyal, JRG’s Founder and Managing Director, emphasised the acquisition’s role in solidifying the company’s presence across India’s major automotive hubs by saying, “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 the infra equipment manufacturing segment, expanding our market reach.”

SEFI will retain its core engineered fastening solutions, operating factories in Chennai and Bangalore. The sale allows SEFI to concentrate on its expertise in aerospace, automotive, and industrial fastening technologies, while JRG integrates the acquired division into its operations.

With over 200 molding machines and 7+ facilities, JRG Automotive Industries serves OEMs like Honda, Maruti Suzuki, and Hyundai. Its focus on innovation, quality, and strategic collaborations positions it for sustained growth.

The acquisition strengthens JRG’s operational capabilities and market reach, particularly in South India. By diversifying into infrastructure equipment and leveraging synergies from the new facilities, the company is poised to achieve its revenue goals while maintaining its reputation for quality and reliability in the automotive sector.

• Published On Feb 3, 2025 at 04:19 PM IST

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