Rieke Dispensing has further expanded its manufacturing capabilities in Asia following the announcement of its parent company TriMas Corporation and the acquisition of Lion Holdings Pvt. Ltd.
Headquartered in Greater Noida, India, Lion Holdings specialises in the manufacture of highly engineered dispensing solutions. From its three locations in India and Vietnam, Lion Holdings generated approximately $10 million in revenue for the 12 months ended June 30, 2014.
“We are pleased to add Lion Holdings to our portfolio of Packaging companies,” said Dave Wathen, president and chief executive officer of TriMas Corporation. “This acquisition complements our growth strategies to follow our packaging customers into high growth regions of the world.”
Rieke is one of the world’s largest manufacturers of foamers and airless dispensers. Its extensive product portfolio enables the company to offer customers a comprehensive single-source solution for all their packaging requirements.
The addition of the Lion Holdings’ product range and facilities will further strengthen their ability to provide a localised service combining enhanced design and innovation capabilities with rapid speed to market and global manufacturing flexibility.
“This acquisition clearly broadens our Asian market coverage and extends our geographic reach, while also providing significant customer and product synergies,” said Lynn Brooks, president of TriMas’ Packaging segment. “Lion Holdings will also provide us additional capacity to support our ongoing growth initiatives in Asia, while continuing to create a responsive, global supply chain.”