Binani Industries buys 3B Fibreglass

Published: February 2, 2012 6:00 am ET

Related to this story

Topics Automotive Materials Suppliers
Companies & Associations

MUMBAI, INDIA (Feb. 2, 2:15 p.m. ET) — Binani Industries Ltd., an Indian holding company with a range of commercial interests ranging from plastics to mining, has bought Battice, Belgium-based 3B Fibreglass for 275 million euros ($362 million).

The Mumbai firm, which is the holding company of the Braj Binani Group, bought 3B from Platinum Equity. The deal is Binani’s third global acquisition in six years.

Braj Binani, chairman of Binani Industries Ltd., said the acquisition of 3B, which specializes in products and technologies for the reinforcement of a range of plastics, would strengthen the group’s core operations at a global level.

“We are among one of the few groups globally that has a robust presence in this niche segment and we are working to accelerate our fiberglass operations further over the coming years. 3B is therefore a perfect match,” he added.

Following the integration of 3B Binani said the enlarged group would become a prominent supplier to industries like automotive, wind energy, electrical, electronics, marine, infrastructure and transportation, primarily in Europe, where approximately 90 percent of 3B’s customers are based.

“Furthermore, the manufacturing plants that Binani Industries will own in Battice in Belgium and Birkeland in Norway will help it serve blue-chip customers in northern and central Europe,” he said.


Comments

Binani Industries buys 3B Fibreglass

Published: February 2, 2012 6:00 am ET

Post Your Comments


Back to story


More stories

Image

Haitian builds system for Renault's new China auto assembly plant

April 24, 2015 11:10 am ET

A late-comer to the world's largest auto market, French carmaker Renault SA is currently building its first factory in China.    More

Image

Eriks NV buys two US polymer companies

April 24, 2015 10:38 am ET

Dutch company Eriks NV is expanding its reach in the North American plastics sector with two acquisitions: Dallas-based Seals and Packings Inc. and...    More

Image

Jeco adds Ferry rotational molder to handle increase in business

April 23, 2015 12:27 pm ET

Jeco Plastics Products LLC is ramping up for more work, adding a new Ferry 2600 rotational molder that will provide more capabilities.    More

Image

Engel, VW working on joint research into high volume composites in auto

April 23, 2015 9:40 am ET

Engel, the Austria-based manufacturer of injection molding machines, is building one of its largest machines for a research center looking into...    More

Image

Federal-Mogul building auto wiper blade plant in Romania

April 22, 2015 12:28 pm ET

U.S. car parts maker Federal-Mogul Holdings Corp. has unveiled plans to establish a new production facility in Ploiesti, Romania, reports local news m...    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Injection Molding Market Analysis & Processor Rankings

Plastics News BUNDLED package contains our in-depth Market Analysis of the Injection Molding segment. You will gain keen insight on current trends and our economic outlook.

As a BONUS this includes PN's updated 2014 database of North American Injection Molders RANKED by sales volume. Sort, merge, mail & prospect by end market, materials processed, region, # of plants and more.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 15, 2015 - September 17, 2015Plastics Caps & Closures - September 2015

More Events