Rockman Industries Acquires Moldex Composites

January 16 2017

Rockman Industries, the auto component arm of the Hero Group, has bought a majority stake in Moldex Composites at a valuation of INR 100 crore.

Rockman will continue to invest in Moldex to scale up its presence in the motorsports space, and also foray into the aerospace and high-end automobile industry. Mid-term, Rockman Industries plans to double revenue to INR 5,000 crore by 2021. It expects 10% of its revenues to come from carbon composites in that period.


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