SJS Enterprises has received approval from board of directors to acquire 90.1% stake in Walter Pack Automotive Products India (WPI) for a total cash consideration of Rs 239.30 crore. The signing of the definitive agreements for the transformative acquisition of WPI lays the groundwork for a strategic collaboration with Walter Pack Spain and one of its minority shareholders, Antolin. WPI, a subsidiary of Walter Pack Spain, is a leader in the design and development of high value-added functional decorative parts in the Indian market.
The work of Walter Pack's Color & Trim and R&D departments has made it an international reference in IMD, IML and IME advanced technologies, and especially in IMF, the company's core business. The agreement between the two makes SJS the leading supplier to the automotive and consumer durables segments in Asia, thanks to WPI's state-of-the-art facilities in Pune, Maharashtra and Manesar, Haryana, equipped to cater to future growth.
SJS Enterprises is one of the leading players in the Indian decorative aesthetics industry, offered the widest range of aesthetics products in India.
