Alphagary, the USA based manufacturer of specialty polymer compounds will acquire majority share ownership of Shakun Polymers Private Limited, a privately held and family-owned major polymer compound supplier based out of India. Shakun mainly caters to the wire and cable industry in the Indian subcontinent, the Middle East, Southeast Asia, and Africa.
Alphagary in its announcement said key members of the Shakun Polymers’ management team will remain with the business, underlining the commitment of both organizations to create added value for customers and stakeholders.
Speaking on the matter Mr. Rakesh Bansal, Joint Managing Director of Shakun Polymers “We are very excited by Alphagary’s investment in Shakun and the opportunity it creates to deliver on our customers’ requirements. I am delighted to be part of a team that will work together to offer a wider portfolio of materials and more efficient supply chains that help us focus on service”.