Windsor looking to finalize extrusion-related acquisition or JV

By Satnam Singh
Correspondent

Published: June 13, 2014 10:40 am ET
Updated: June 13, 2014 10:57 am ET

Image By: Satnam Singh Rajan

Related to this story

Topics Mergers & Acquisitions Machinery Asia
Companies & Associations

MUMBAI, INDIA — After completing the acquisition of Italtech SpA, Ahmedabad, India-based Windsor Machines Ltd. has started working towards its next joint venture or acquisition.

“We have already identified the prospective acquisition and something concrete would likely to emerge in the next three to four months,” said CEO T. S. Rajan, in an interview with Plastics News at Vinyl India 2014 in Mumbai.

Windsor is on the verge of finalizing an acquisition or joint venture in the extrusion market.

“We are into making injection molding and extrusion lines and recent acquisition of Italtect was on the injection molding side, therefore, our next move would be extrusion side,” confirmed Rajan.

Meanwhile, Windsor plans to launch its first two-platen injection molding machines using Italtech technology this summer. “The critical parts would remain come from Italtech’s plant in Italy for the time being; we hope to localize them in the next few years,” Rajan said.

Commenting on Windsor’s growth strategy, Rajan added, “We are looking at both organic and inorganic growth. We are looking at wherever we can add value to the customer.”

Windsor larger objective is to be identified as total solution provider with the ability to offer from manufacturing equipment to molds, material, training and support.

“The whole strategy is to emerge as the No. 1 choice of the customer, or we could say, ‘When comes to plastics, its Windsor.’”

Windsor sold 320 injection mold machines and 350 extrusion lines in 2013 and recorded total sales of around INR 250 crore (US$52 million). This year, it expects to sell 450 injection presses on the strength of Italtech acquisition and 400 extrusion lines with sales to swell to around INR 400 crore (US$83 million).


Comments

Windsor looking to finalize extrusion-related acquisition or JV

By Satnam Singh
Correspondent

Published: June 13, 2014 10:40 am ET
Updated: June 13, 2014 10:57 am ET

Post Your Comments


Back to story


More stories

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

Danish packaging firm Faerch buys UK's Anson as part of growth strategy

April 24, 2015 9:37 am ET

Denmark-based packaging company Faerch Plast A/S has acquired Ely, United Kingdom-based Anson Packaging Ltd., a move the company says “should...    More

Image

Reifenhäuser acquires German spinneret company Enka Tecnica

April 17, 2015 9:31 am ET

Germany-based Reifenhäuser GmbH & Co. KG, a major manufacturer of extrusion equipment, has announced that it is acquiring Enka Tecnica GmbH, a German ...    More

Image

Spain's Grupo Antolin to buy Magna's interiors business

April 16, 2015 12:33 pm ET

Spain's Grupo Antolin has reached an agreement to purchase Canadian auto supply giant Magna International Inc.'s interiors unit in a deal valued at...    More

Image

Madison buys Ferry Industries

April 16, 2015 5:22 pm ET

Ferry Industries, the largest manufacturer of rotational molding machinery, was purchased by Madison Industries, a Chicago holding company that is the...    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