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Material supplier Alphagary buys majority stake in Indian compounder Shakun
Shakun is family-owned producer of compounds for the wire and cable markets in the Indian subcontinent, the Middle East, Southeast Asia, and Africa. May 14, 2021 Canadian Plastics
The financial terms of the deal have not been disclosed.
Shakun is a family-owned firm, and supplies compounds in the Indian subcontinent, the Middle East, Southeast Asia, and Africa.
“With [this] investment, Alphagary is expanding its product and regional footprints as Shakun will continue to provide next-generation materials designed to meet the high safety and performance standards in Asia and Africa’s markets,” Alphagary officials said in a May 13 news release. “Shakun’s product development focus is on halogen-free, flame-retardant compounds and PVC-based compounds for data and power cables. In addition, Shakun’s semi-conductive and cross-linkable compounds expand Alphagary’s portf