In a marriage of two Indian packaging machinery companies, Rajoo Engineers Ltd. is merging with Wonderpack Industries Pvt. Ltd., setting up a company to serve the global sheet extrusion and thermoforming industries.
Gujarat, India-based Rajoo Engineers announced the news June 14. Rajoo President Sunil Jain said the deal is a merger, not an acquisition. It will be completed in about two months, he said.
Financial details were not disclosed.
A news release said Wonderpack will operate as a separate division of Rajoo, under the leadership of Amit Shah, founder and managing director of Wonderpack. Shah joins Rajoo's board of directors.
Shah said the combined entity will soon become a force to reckon with at the global level. The combined firms will exhibit at the K 2010 show this fall in Dusseldorf, Germany.
Rajoo said the merged entity brings together Rajoo's strength in extrusion equipment with Wonderpack's experience in thermoforming machinery.
The companies will take advantage of each other's technology, developments, service network and marketing strengths, according to the news release.
Rajoo makes extruders, blown film equipment and sheet lines. On the thermoforming side, Rajoo also has an agreement with Commodore Technology LLC in Bloomfield, N.Y., to make thermoforming machinery for expanded foam packaging, used in clamshell containers and plates.
Wonderpack, based in Nasik, India, makes thermoforming equipment, including high-speed, trim-in-place machines.
Jain said Rajoo and Wonderpack each have customers in more than 40 countries, but there is not much overlap.
The customers will now have a range of products to choose from since thermoformers of both the companies have its distinct advantages, he said.
Wonderpack has a long relationship with Irwin Research & Development Inc. of Yakima, Wash. Roger Underwood, Irwin's sales and marketing director, said Wonderpack acts as a distributor for Irwin thermoforming machines in India. Both companies work together on projects in the Indian market, he said.
Underwood said that relationship will continue after the Rajoo/Wonderpack merger.
Commodore President Brad Braddon his company's technology-transfer licensing agreement with Rajoo also will continue.
The combined Rajoo and Wonderpack portfolio covers a range of machinery, including sheet extrusion with in-line thermoforming; thermoforming with in-line cutting and stacking; automatic roll-fed, trim-in-place thermoforming; thick-walled vacuum forming and thermoforming, blister-making machines; shrink-wrapping equipment; and thermoform fill-and-seal machines.
We will now provide the industry a single-point source for a wider range of world-class sheet extrusion and thermoforming systems, said Rajoo Chairman C.N. Doshi.
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