JRG Automotive Industries Private Limited, a prominent manufacturer of plastic components for the automotive and defense sectors, has successfully acquired the two-wheeler functional plastics division of Stanley Engineered Fastening India (SEFI) for an undisclosed amount
The deal includes two fully operational manufacturing units—one in Manesar (Haryana) and another in Bangalore—which will strengthen JRG’s supply chain and reinforce its commitment to catering to major two-wheeler OEMs, construction equipment manufacturers, and Tier-1 suppliers across India.
Pawan Goyal, Founder & Managing Director of JRG Automotive Industries, highlighted the strategic impact of the acquisition, stating, “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 infrastructure equipment manufacturers as a customer strengthens our entry into the infra equipment manufacturing segment, expanding our market reach.”
SEFI, a subsidiary of the US-based Stanley Black & Decker, Inc., is renowned for its expertise in engineered fastening solutions for the Aerospace, Automotive, and Industrial segments. Despite the divestment of its two-wheeler plastics division, SEFI will continue to manufacture and expand its engineered metals and plastics fastening solutions at its Chennai and Bangalore factories.