SINTEX ACQUIRES US-BASED NERO PLASTICS

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Plastics product maker Sintex Industries said it has acquired US-based Nero Plastics Inc for an undisclosed amount, through its downstream subsidiary Wausaukee Composites mc, (WCI). Prior to the acquisition, Nero’s management team and workforce of 181 employees would be integrated with WCI. “The acquisition will add strongly to WCIs consolidated top line and bottom line and make it a premier manufacturer of highly engineered structural plastic products across the world,” Sintex Industries MD Amit Patel said.

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