In February, Fontana Gruppo completed the acquisition of a majority ownership stake in Right Tight Fasteners Pvt. Ltd., a leading player in the Indian fasteners market specializing in the production of high-strength special bolts, including special nuts and bolts. With over forty years of history, the company brings to Fontana Gruppo five strategically located plants across the country, serving clients in the automotive, agricultural, industrial, and construction sectors.
Giuseppe Fontana, Fontana Gruppo CEO, stated: The acquisition of a leading Indian company aligns perfectly with our long-standing localization strategy, building local facilities and organizations in key markets to better serve those same markets. India represents a growing economy of significant interest due to its scale and potential, and it serves as a gateway to the entire Far East».
Balbir Singh Chhabra, MD of Right Tight Fasteners, stated: «This strategic partnership with Fontana Gruppo will enable us to elevate our offerings by leveraging their advanced technology, robust infrastructure and best practices.
SOURCE: Fontana Gruppo
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