NYX Inc. had sales of $1.2 million when Chain Sandhu bought a majority stake in the company in 1989, 30 years after it began life as Nylon Extruders Inc. He has steered the Livonia, Mich., firm through a series of acquisitions and to annual sales of more than $150 million.
Sandhu, a native of Chandigarth, India, who immigrated to the U.S. in 1969, has a master's degree in engineering. He worked for 18 years at General Motors Corp. in a variety of management positions before buying NYX, now one of the country's largest minority-owned plastics companies.
Today, NYX (www.nyxinc.com) has nine plants in Michigan and six in Tennessee, plus development centers around the world. The 1,400-employee firm does injection molding, pipe and profile extrusion, compounding, tooling and steel stamping.