HONG KONG SAR -
Media OutReach
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27 May 2022 - Southco, Inc. has completed the acquisition of Darshana
Industries Pvt. Ltd, a proven leader in the design and manufacture of
access hardware and mechanical components for the India market.
Founded in 1982 and headquartered in Pune, India, Darshana is the
trusted supplier to a broad range of industries including
transportation, off-highway, telecommunications, and industrial
equipment. Darshana's team of 260 people design and manufacture over
6000 standard and custom products.
For over 75 years, Southco has been the global leader in the design,
manufacture, and sale of access hardware. In 2008, Southco established
its India regional headquarters and manufacturing facility in Pune and
recently doubled the size of the facility to accommodate sales growth
and to support the "Make in India" initiative of the Indian Government.
The acquisition of Darshana positions Southco as a leading access
hardware manufacturer and supplier in this vital region, which is poised
for strong business growth. Most importantly, the two businesses have
common cultures of strong people-focused values and a desire for
continuous improvement.
"We are excited to welcome Darshana to the Southco family and feel
privileged to continue their heritage" stated Philip Kempson, Managing
Director for Europe and India. "We are committed to successfully growing
the Darshana brand."
Nilesh Patil, principal shareholder and Director of Darshana commented,
"With the support of our team, Darshana has grown to become a leading
player in its segment in India. We are excited at the opportunity for
Darshana to enter the next phase of growth with the help of Southco's
global footprint and expertise".
Lincoln International acted as exclusive financial advisors for Darshana Industries and its shareholders on this transaction.