Sigma Electric announces acquisition of Microcast Technologies Mexicana
Newly acquired business establishes Sigma’s near shore North American manufacturing footprint
New business specializes in complex higher size aluminium die cast, fully finished components & sub-assemblies
Pune, India. July 6, 2018: Sigma Electric Manufacturing Corporation, a leading manufacturer of ferrous and non-ferrous castings, precision machined components and sub-assemblies, today announced the acquisition of Microcast Technologies Mexicana (“Microcast Mexico”), a subsidiary of (“Microcast New Jersey”) for an undisclosed amount.
Microcast Mexico sells products to the renowned customers in North America, primarily in the lighting, telecom, and marine end markets.
The combination of Microcast Mexico and Sigma brings several strategic benefits to customers of both companies as they manage their complex global supply chains and want to deal with more capable suppliers.
Viren Joshi, Chief Executive Officer and President, Sigma Electric, says, “We are excited about the acquisition, and warmly welcome Microcast Mexico as a part of the Sigma Electric. Due to the excellent synergy between the companies´ service portfolios and operative models, this acquisition will add value for both Microcast Mexico’s and Sigma Electric’s customers, as together we create a more comprehensive products and service offering with strengths from the both companies”.
The new entity will be rebranded as Sigma Electric Mexico.
About Sigma Electric Manufacturing Corporation Private Limited
Sigma Electric Manufacturing Corporation Private Limited is a global leading manufacturer of precision machined castings and components. Sigma has registered office in Pune, India and nine world class manufacturing facilities at Pune and Jaipur in India and an 180,000 sq. ft. of warehouse in Garner, USA. Sigma supplies MNCs across the world in the electrical, lighting, home appliances, telecom, industrial and process instrumentation markets. Sigma Electric offers customers a wide range of services including engineering and design, secondary finishing, assembly, packaging and global supply chain management. Sigma’s engineering expertise, lean manufacturing practices, innovative products, and superior customer service makes it the preferred partner of choice for many of the world’s leading brands.
For more information, please visit: www.sigmaelectric.com
About Microcast Technologies Mexicana (“Microcast Mexico”)
Microcast Technologies Mexicana (“Microcast Mexico”) manufacturing set up includes die casting machines in the 400 -1100T range, high end vertical machining centres & Powder & liquid painting facilities. The die casting machines are equipped with the centralised Vacuum system & digital process control. Additional processes include FIP (Foam in place), Impregnation, pad printing, Stencilling and Silk-Screening, Laser Engraving etc. Microcast has proven ability to offer complex value added sub assembled components.