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Home > News > Company News > Paragon acquires Kuduma Fasteners

Paragon acquires Kuduma Fasteners

By Abhijat Sanghvi , 2018-08-23 12:00:00

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Bengaluru, India – Bengaluru-based manufacturer of precision fasteners, Paragon Fasteners has acquired Kuduma Fasteners Pvt Ltd that manufactures high tensile fasteners and cold headed components for automobile and industrial applications. Kuduma Fasteners is a tier 1 vendor to many Southern India-based auto majors.

Kuduma has its presence for more than three decades in the Fasteners industry. The company has an in-house state-of-the-art continuous furnace along with a wire processing facility with a total installed capacity of 300 tonne a month.

With almost all machinery from Taiwan, multi-station Bolt Formers with a range starting from M 4 to M 16 with up to 250 mm long (up to M 8), it makes for an ideal facility for a Fasteners enthusiast.

The acquisition of Kuduma has added another feather in the Paragon’s cap as it has a major strategic advantage with the above facility, which can be utilized for heat treatment and wire processing too, thereby adding to the bottom line of the company. The highly experienced VS Venkatraman would be heading the competent and dedicated workforce.

Established in 1996, with a small capacity for making precision fasteners, Paragon Fasteners today boasts of a large capacity and range to produce precision fasteners in both ferrous and non-ferrous metals catering to major OEMs of automobile, machine manufacturers, electronics, electrical, furniture manufacturers, etc. The company has since then acquired some big names in the industry such as Kadimi’s Fasteners Unit (2001), Electronic Fasteners (2008), and EkaEngg Technics (2011-12).

The acquisition of Kuduma is the biggest till date. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.

Quote box:

The acquisition of Kuduma has been a long-standing dream for us. With this, Paragon has carved a niche for itself with the largest range of standard and custom-made import substitute cold forged fasteners and an in-house heat treatment unit and a wire drawing unit.” Dilip Sheth, CEO, Paragon Fasteners

Source: Fasteners Association of India www.fastenindia.com

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