Thursday, October 18, 2007

Goldman Sachs, New York, invests $172 million for a majority stake in Indian metal castings maker Sigma Electric and its affiliated companies

Founded in 1982, Sigma is a high-quality, low-cost manufacturer of cast metal parts for the electrical, utility, durable goods and transportation markets with sales to the US and Europe.

The company focuses on low-volume, technically complex parts using a range of metals and fabrication processes.

Sigma Electric has its group company Semco Electric at Pune and Ultratech Metals India at Jaipur.

In Pune, the company has zinc, aluminium and copper alloy plants. It has another iron and copper alloy sand casting plant in Jaipur. Semco Electric serves various international markets such as the US, Canada and other western countries.
:Sigma Electric divests majority stake for $172m: The Economic Times

:Goldman Sachs, Sigma Electric announce US$ 172mn invt: Moneycontrol India

:Goldman pays $172mn for major stake in Sigma: Business Standard

Goldman to take control of Indian firm for $172mln: Reuters

1 comment:

Anonymous said...

Is this a specialty metals company that can produce custom made metal parts at a reasonable price?