Italian Fastener manufacturer Fontana Gruppo has acquired a majority stake in Indian manufacturer Right Tight Fasteners Pvt. Ltd.
Right Tight Fasteners specialises in the production of high-strength special bolts, including special nuts and bolts. With more than 40 years of history, Right Tight Fasteners adds five manufacturing plants in India to Fontana Gruppo’s portfolio, serving clients in the automotive, agricultural, industrial and construction sectors.
“The acquisition of a leading Indian company aligns perfectly with our long-standing localisation strategy, building local facilities and organisations in key markets to better serve those same markets,” said Giuseppe Fontana, CEO of Fontana Gruppo said.
“India represents a growing economy of significant interest due to its scale and potential, and it serves as a gateway to the entire Far East,” Fontana added.
Balbir Singh Chhabra, MD of Right Tight Fasteners, said: “This strategic partnership with Fontana Gruppo will enable us to elevate our offerings by leveraging their advanced technology, robust infrastructure and best practices.”
