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Caldwell Acquires Archintex

By: Admin

Caldwell Manufacturing Company, one of the world’s leading hardware suppliers based in North America, has acquired Archintex. 130 year-old Caldwell recently formed Caldwell South-East Asia with its plans to expand its Asian operations. Archintex already supplied Caldwell’s branded products such as Cotswold to companies’ in India. This acquisition will enable Caldwell to expand its branded lines and partner product lines within India and the rest of the South East Asia market. Adding the strength of Caldwell’s scale, distribution, products and significant investment in R & D, to the local market knowledge will ensure a bright future for Caldwell. Archintex started its business in 2012 selling hardware in India. As a part of their expansion plans, they were looking for strong partners to help grow sales, and provide a full hardware solution for the end user and they found Caldwell, who has a strong infrastructure and expertise of over 700 employees and 9 manufacturing facilities.

Talking about the huge potential in India, Eric Mertz, Caldwell CEO, said that India is set to grow 7.3% this year and 7.5% the next – that’s faster than China. By 2050, it’s expected to overtake America as the second-biggest economic power on the earth, and most excitingly of all, much of that growth will come from construction.

Speaking about this acquisition, Tim Ferkin, Market Development Director, Cardwell says, “We have been working closely with the Archintex senior team for many years now. They know our products and the market, and that’s why they’re the perfect partners for us as we seek to expand our presence in India”.

Rakesh Ghai, Director, Archintex, said that Caldwell is known for reliable and innovative hardware, which India is looking for. “They were ready for a collaboration in India, looking at the growth of the Indian market, and we were looking for technical and R&D partnership. So we joined hands and look forward to a bright future”.

Uday Shetty, Director, Archintex said, “Both the companies found a good synergy and teamwork. With this collaboration and the technical services from Caldwell, we look forward to a long and successful journey”. He added that Caldwell will continue distribution of the other products, providing a complete solution to their customers.

With this development, Caldwell will see it become a key technology hub helping the company develop partners across Asia. India will become Caldwell’s technical and supply chain hub for the region.

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