SSF Plastics acquires 100% equity shares of Nypro Forbes Products

02-Mar-15

SSF Plastics, has acquired 100% equity shares of Nypro Forbes Products for an undisclosed consideration. Nypro, a public limited unlisted company, is a joint venture between Nypro, USA, and Forbes Campbell Finance, which is part of the Shapoorji Pallonji Group. Nypro is engaged in the manufacture of injection moulded components and injection moulds. Nypro's product portfolio comprises plastic components for mobile handsets, set top boxes, modems, industrial engineering parts, drug delivery devices, general medical and surgical devices, razors, tooth brush handles, caps, closures and dispensers.It has a manufacturing facility spread over seven acres providing SSF enough room to expand. This acquisition brings into the SSF fold, its first manufacturing facility in South India, with backward integration by way of a modern inhouse mould-making facility and increased flexibility of serving its customers in the southern India.