Brass Screws India makes overseas acquisition . It has acquired a Taiwanese Manufacturing company Tsen Chu Zunc fasteners Ltd at the cost of US 16.5 Million. ( http://www.brass-
With this will come 32 years of experience of making Brass fasteners Brass Anchors machinery and Brass screws. Mr. Patel of Brass screws India who are pioneers in making Brass screws in India have confirmed that the deal is sealed at the cost of 16.5Mn US$,
This will be a 100% share buyout brining synergy to Brass Screws India Ltd group.
At present Brass screws India has 2 plants in India with a workforce of 230 people and sales covering the globe. Their primary products are Brass and Stainless Steel fasteners socket head screws machine screws hose barbs hex nuts machined nuts bar turned fasteners anchor fasteners and turned Brass components.
The Taiwanese company located in Taipei is also very strong in the same segment and it also is a pioneer in machinery for screws and fasteners. This company was started 25 years back by Mr. Ho lai and has been nurtured ever since to grow in to one of the leading manufacturers in fixings and fastenings in Taiwan Mr. Sakaria who is the CFO of the company also informed the press that the total acquisition is funded through private resources and internal accrual of the company.
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