Lohia Corp Limited: Acquisition of J.J. Jenkins Inc and Joint Venture with OMGM
Lohia Corp Limited (LCL) announced two milestones that mark their expansion in the global market.
The company has acquired J.J. Jenkins Inc., specialized in machine manufacturing for high-tech industries, through their US subsidiary, Leesona Corp, a pioneer in winding machines. This acquisition aligns with their strategic vision to expand their specialty yarns and tapes portfolio in medical and defence applications.
In addition, LCL has formed a strategic Joint Venture with Italy's O.M.G.M. sas, leading to the creation of OMGM Extrusiontechnik Srl. With LCL holding the majority stake. This JV represents a diversification of their product portfolio, introducing solutions in Extrusion and Winding systems for a variety of technical applications.
Lohia Corp Limited