Mumbai-based DCC Group, one of India’s largest textile printing solutions providers majority-owned by the Dadia family, recently announced it would acquire Mumbai-based Grafica Flextronica through its 3Q Printing Technologies. Bhargav Mistry of Grafica Flextronica will lead the 3Q team as its new managing director. The financial terms of the acquisition have not been revealed.
Established in 1978, DCC Group provides printing technologies for fashion and sports apparel, home textiles, and signage applications. DCC’s ‘Xperience Zone’ facility engages in research, development, training, and promotion of screen, sublimation, and digital printing.
Grafica Flextronica, established in 1989, is a leading manufacturer of screen printing devices, screen-making equipment, and various industrial dryers for textile, automotive, commercial, and graphics applications. It has a manufacturing plant in Vasai, on the outskirts of Mumbai.
To make India a global manufacturing hub for printing machines and related products, DCC will launch a new product line. 3Q will manufacture all the printing machines. The company also plans to add to existing capacity.
The Kaizen Institute of DCC and the DMI Institute of Grafica will merge into 3Q’s Kaizen Institute for Print Education, Research & Training. 3Q will offer services such as consulting, auditing and training to print companies.
Narendra Dadia, group chairman of DCC Companies, says, “We are working towards establishing a strategic alliance based on DCC and 3Q’s combined strength. It is a historic moment for us, and we’re committed to delivering unique value through our solutions.”
Bhargav Mistry, the newly appointed managing director, 3Q, says, “With an intent to make India self-reliant, it will live by the highest global quality standards. Our mission is to achieve a powerful manufacturing space in printing equipment for textile, commercial, graphic, and industrial printing. We also aim to meet and live by the phrase “Be Vocal about Local.” We will ensure the strengthening of Indian resources while eyeing the global export market”.
Dhaval Dadia, managing director, DCC Group, says, “Our eco-system will be greatly enhanced with the expansion of business activities in 3Q. It will allow us to enrich the customer experience by providing greater services and a new generation of value-based products.”