Suprajit Engineering, a leading auto component manufacturer has announced the successful completion of acquisition of Wescon Controls, Wichita, USA, through its wholly-owned subsidiary Suprajit USA, by purchasing 100% outstanding equity share capital from Shell Topco managed by a private equity Fund - Nova Capital, UK.
Wescon Controls is a leading manufacturer of control cables in the non-automotive outdoor power equipment (OPE) space. It has marquee customers like MTD, Husqvarna, John Deere, TORO, Honda and is the largest manufacturer of OPE cables in North America.
With expected sales of $40 million and EBIDTA margin in the range of 16-18%, Wescon has its plant in Wichita, Kansas, US, and a Maquiladora facility in Mexico. Wescon has been manufacturing cables since 1946. It has a strong engineering team with a leading market position in the North American non-automative cable space.