M&A

M&A

Access hardware maker Darshana Industries acquired by US-based Southco for $50-M

Mint  

Pune-based manufacturer Darshana Industries Pvt Ltd has been acquired by US-based Southco for USD 50 million. Darshana, founded in 1982, makes access hardware and mechanical components like handles, locks, hinges and support arm systems. The company has 260 employees, who design and manufacture over 6,000 standard and custom products. Southco - in turn owned by Touchpoint Inc - is a global designer and manufacturer of engineered access solutions.