Windsor eyes global growth, Indian auto market, with Italtech acquisition

By Satnam Singh
Correspondent

Published: May 24, 2013 2:15 pm ET

Related to this story

Topics Mergers & Acquisitions, Machinery

AHEMEDABAD, INDIA — India’s largest plastics processing machinery maker, Windsor Machines Ltd., is acquiring a majority stake in Italian injection press maker Italtech SpA.

“We have been working closely with Italtech for quite some time and finally it culminated into this acquisition,” said T.S. Rajan, chief operating officer of Ahmedabad-based Windsor.

He declined to disclose terms of the deal, which Windsor’s Dutch subsidiary, Wintech BV, completed in April.

Wintech will own 80 percent of Italtech, with the remainder owned by Geoplast SpA, an Italian plastics processor and a sister company to Italtech.

The deal will give Windsor a foothold in the automotive sector — Italtech was owned by Italian carmaker Fiat Group until 2004.

“With most of the global auto giants entering into the Indian market, this acquisition would give Windsor a platform to gain a strong foothold into this segment,” Rajan said. “This acquisition also gives Windsor a base in Europe and will help in expanding our exports into the European market.”

He said the deal also will grow the size and range of Windsor’s machinery offerings. Italtech makes large-tonnage two-platen machines ranging from 800-8,000 tons of clamping force.

“We will now be able to offer a complete range of products ranging from 50-8,000 tons,” Rajan said. “We also plan to offer two-platen machines with the most advanced technology from our partner at competitive prices.

“We have set quite ambitious growth plans for Windsor in the next two to three years, growing organically and inorganically,” he added.

Windsor and Brescia, Italy-based Italtech were already business partners prior to the acquisition; Windsor had signed a technology-transfer agreement with Italtech in 2010.

In addition to injection presses, Windsor also makes blown film and pipe extrusion lines, and blow molding machines. The company has plants in Chhatral and Vatva, in western India.

 


Comments

Windsor eyes global growth, Indian auto market, with Italtech acquisition

By Satnam Singh
Correspondent

Published: May 24, 2013 2:15 pm ET

Post Your Comments


Back to story


More stories

Image

Hewlett-Packard jumping into the booming business of 3-D printing

October 30, 2014 2:26 pm ET

The world of 3-D printing has a new player — and it's a major name from the world of office printers: Hewlett-Packard Co.    More

Image

Xten may shut down, working on sale to Commercial Plastics

October 29, 2014 5:49 pm ET

Xten Industries LLC is working on a sale to Commercial Plastics Co. of Mundelein, Ill. Xten, an injection molder based in Kenosha, Wis., filed a...    More

Image

Five-axis flexibility paying off for Sepro and its customers

October 29, 2014 1:47 pm ET

French robot maker Sepro Robotique expects to generate 78 million euros ($99 million) in 2014 sales — 17 percent more than 2013 — as...    More

Image

KraussMaffei thinking small (machines)

October 27, 2014 6:00 am ET

KraussMaffei Technologies GmbH is targeting small-tonnage machines at Fakuma — including the rollout of its reworked CX press, boasting lower...    More

Image

TMI has new private equity owner

October 27, 2014 2:03 pm ET

Pittsburgh-based TMI International LLC, a maker of PVC-based film, panel and sheet products as well as PVC-coated curtains and screens, has been acqui...    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

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

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

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

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

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

October 27, 2015 - October 29, 2015Plastics Financial Summit - New York - 2015

More Events