Raymond Acquires Trinity India
Mumbai-based global textile and apparel manufacturer Raymond Ltd. acquired Trinity India, a Pune-based producer of metal forgings. Ring Plus Aqua, Raymond’s metalworking division, completed the transaction. Trinity India has four manufacturing plants with an installed forging capacity of 12,500 tons. It employs about 400 people and supplies hubs, spindles, connecting rods, ring gears and other components to automotive and equipment manufacturers.