Fontana Gruppo completed the acquisition of a 60% stake in Right Tight Fasteners for INR10bn.

Fontana Gruppo, an Italian manufacturer of fasteners and industrial components, completed the acquisition of a 60% stake in Right Tight Fasteners, a Nashik-based automotive fasteners maker, for INR10bn. "This strategic partnership with Fontana Gruppo will enable us to elevate our offerings by leveraging their advanced technology, robust infrastructure and best practices," Balbir Singh Chhabra, Right Tight Fasteners Managing Director.