LG Balakrishnan & Bros has signed a letter of intent (LOI) to buy major stock of a Corporation in USA, engaged in manufacture, precision stamped metal parts. The closing of this transaction is planned for end June 2012.
However, the above is subject to customary regulatory approvals, satisfactory due diligence and other negotiated conditions of closing.
LG Balakrishnan & Bros is a premier manufacturer of both automotive and industrial chains under the popular brand name ‘ROLON’. LGB is now surging ahead to become a metal forming company concentrating on hot, warm & cold forging, blanking, fine blanking & precision machined parts.
