- 6 July 2007 -
Sintex acquires majority stake in Wausakee

SINTEX INDUSTRIES Ltd of Kalol, India, has acquired a majority interest in Wausakee Composites Inc, headquartered in Wausakee, Wisconsin, USA.

Wausakee manufactures highly engineered composite and fibreglass components for the industrial truck and tractor, mass transit, medical imaging, commercial furnishings, therapeutic systems, wind energy, and corrosion-resistant materials handling industries.

“Sintex, through this acquisition, will enter the world’s largest composite market – the United States – and will also get immediate access to a number of Fortune 500 companies catered by Wausaukee,” says Amit Patel, managing director at Sintex Industries. “Sintex happens to be the first company from India to acquire a company in the North American composite plastic business. Post this acquisition, Sintex will introduce hi-tech composite products in its electrical and automotive plastic segments as part of its custom moulding business.”

“This strategic combination will not curtail the growth of our composites manufacturing business in North America,” comments David Lisle, president and CEO of Wausakee. “In fact, we are continuing to pursue the expansion of our manufacturing capacity in North America at this time, in order to meet increased customer demand in our lower volume, highly-engineered, custom moulded product segments.”

Sintex Industries Ltd; www.sintex.in
Wausakee Composites Inc; www.wauscomp.com

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