Darshana Industries has been sold to Southco, a subsidiary of TouchPoint
Established in 1982 and headquartered in Pune, Darshana Industries Pvt. Ltd. is India’s leading manufacturer of access hardware and mechanical components like handles, locks, hinges and support arm systems, etc. Darshana’s team of 260 people designs and manufactures over 6,000 standard and custom products.
The owners of Darshana were looking to find a suitable strategic buyer as part of their succession planning. Lincoln International attracted multiple strategic interests in a niche sector through its extensive global network, running a competitive process that helped the shareholders achieve maximum value. The acquisition of Darshana positions Southco as the leading access hardware manufacturer and supplier in India, a region that continues to see strong growth.
Preet Singh, Managing Director and head of Lincoln’s Industrials Group in the Mumbai office, commented, “This transaction is a great testament to how niche, family-owned businesses in India continue to be very attractive for global companies. At the other end of the spectrum, such global partnerships offer a platform for the continued growth of family-owned businesses, their employees and other stakeholders. The transaction demonstrates Lincoln’s ability to effectively leverage our global network in finding a right partner and successfully executing cross-border transactions.”
Headquartered in the United States, Southco Inc. is a leading global designer and manufacturer of engineered access solutions. Over the last 75 years, the company has grown to serve more than 100,000 customers in over 80 countries with 17 manufacturing and warehousing locations in nine countries.
TouchPoint Inc. is a privately held, diversified global growth company based in Pennsylvania. In total, TouchPoint’s companies have over 4,500 employees in 27 countries and serve more than 80,000 customers in nearly 100 countries throughout the world.
We appreciate Lincoln’s efforts in putting together this transaction and assisting the shareholders throughout the entire process to achieve the best possible outcome for the business and its employees.
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