Italy’s Fontana Acquires Majority Stake in Right Tight Fasteners
ECONOMY & POLICY

Italy’s Fontana Acquires Majority Stake in Right Tight Fasteners

Italian fasteners manufacturer Fontana Gruppo is set to acquire a 60% stake in India’s Right Tight Fasteners Pvt Ltd for approximately Rs 10 billion ($114.4 million). As part of the deal, Nashik-based Right Tight will take over Fontana’s Indian operations before the merger. The acquisition st...

Italian fasteners manufacturer Fontana Gruppo is set to acquire a 60% stake in India’s Right Tight Fasteners Pvt Ltd for approximately Rs 10 billion ($114.4 million). As part of the deal, Nashik-based Right Tight will take over Fontana’s Indian operations before the merger. The acquisition strengthens Fontana’s presence in India, positioning the combined entity among the country’s largest fastener manufacturers. Fontana CEO Giuseppe Fontana emphasised India’s strategic importance in the company’s localisation strategy. The move reflects growing investment in India’s auto components sector, following recent acquisitions by Carlyle, Bain Capital, and Warburg Pincus.Contact: Fontana GruppoWebsite: www.gruppofontana.it Email: fontana@fontana-group.com

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