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Remsons Industries signs definitive agreements to acquire assets of Magal Cables, stakes of Woolford Properties

22 Oct 2020 Evaluate

Remsons Industries has signed definitive agreements to acquire assets of Magal Cables and shares of Woolford Properties. The company is one of the major suppliers of Magal Cables. Acquisition gives company access to key global OEMs.

Remsons Industries is engaged in the manufacture of cables, flexible shafts, gear shift systems, push pull cables and park brake mechanisms. The product range of the company includes Cables- The company manufactures cables for two-wheelers, three-wheelers, four-wheeler, commercial vehicles, construction equipments, mining equipment and farm equipments.

Peers
Company Name CMP
SamvardhanaMotherson 163.75
Tube Investments 2547.45
Bosch 47655.00
UNO Minda 1229.05
Bombay Burmah Trdg. 1435.00
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