Ashok Minda Group

Ashok Minda Group acquires German-firm Schenk Plastic Solutions

Ashok Minda Group, India’s leading auto component manufacturer, has acquired specialist interior component supplier Schenk Plastic Solutions in Germany for an undisclosed amount.

The company has purchased 100% equity capital of Schenk through an all cash transaction and the deal has been funded through a mix of internal accruals and debt in the ratio of 2:3.