Martin Engineering take another step into India
Company announces further expansion into India with acquisition of Clean Cat Conveyors
MARTIN Engineering, global suppliers of systems and services to improve the handling of bulk materials, have taken another step in their expansion into India with the acquisition of an Indian manufacturer of conveyor components and systems, Clean Cat Conveyors Pvt Ltd, of Goa, for an undisclosed sum.
This latest move follows closely on the heels of Martin Engineering’s announcement in February of the opening of a new business unit, Martin Engineering Company India Pvt Ltd, in Pune, India.
‘This acquisition is a rapid entry to the important India marketplace with Clean Cat’s existing and loyal customer base, and will provide a firm basis to further establish our rapidly growing Martin Engineering India,’ commented Ron Vick, chief financial officer for Martin Engineering.
Martin Engineering India’s managing director, Jibananda Samal, formerly of Larsen & Toubro Ltd, will lead the combined operations. During the transition, Pranesh Dhond, former owner of Clean Cat Conveyors, will assist in the introduction of Martin Engineering products to the Indian market.
Clean Cat Conveyors are manufacturers and suppliers of steel conveyor idlers, belt cleaners, vulcanizing machines, sealing and skirtboard systems and other conveyor accessories. The company’s facility in Goa will operate as a branch of the Martin Engineering India operation, and will continue to offer products through its existing sales channels.
Martin Engineering India are currently in the process of opening a 20,000 square foot facility in Pune and say they expect to place sales offices near Calcutta, Delhi and Chennai.
MARTIN Engineering, global suppliers of systems and services to improve the handling of bulk materials, have taken another step in their expansion into India with the acquisition of an Indian manufacturer of conveyor components and systems, Clean Cat Conveyors Pvt Ltd, of Goa, for an undisclosed sum.
This latest move follows closely on the heels of Martin Engineering’s announcement in February of the opening of a new business unit, Martin Engineering Company India Pvt Ltd, in Pune, India.
‘This acquisition is a rapid entry to the important India marketplace with Clean Cat’s existing and loyal customer base, and will provide a firm basis to further establish our rapidly growing Martin Engineering India,’ commented Ron Vick, chief financial officer for Martin Engineering.
Martin Engineering India’s managing director, Jibananda Samal, formerly of Larsen & Toubro Ltd, will lead the combined operations. During the transition, Pranesh Dhond, former owner of Clean Cat Conveyors, will assist in the introduction of Martin Engineering products to the Indian market.
Clean Cat Conveyors are manufacturers and suppliers of steel conveyor idlers, belt cleaners, vulcanizing machines, sealing and skirtboard systems and other conveyor accessories. The company’s facility in Goa will operate as a branch of the Martin Engineering India operation, and will continue to offer products through its existing sales channels.
Martin Engineering India are currently in the process of opening a 20,000 square foot facility in Pune and say they expect to place sales offices near Calcutta, Delhi and Chennai.
