Supreme Group, a global leader in advanced material technologies and engineered product solutions, has announced the complete acquisition of Supreme Feltol (Thailand) Company Limited by purchasing the remaining shares from minority shareholders. The company has been renamed Supreme Fostreon (Thailand) Company Limited, marking a significant development in the Group's long-term strategy for Thailand.
Supreme Group, which was already the majority stakeholder in the venture established in 2019, has positioned this acquisition as a move to enhance its regional footprint. The Rayong-based facility has established itself as a trusted manufacturer of Interior Trims and NVH (Noise, Vibration, Harshness) components for leading automotive OEMs in Thailand.
"Taking full ownership enables us to bring in Supreme Group's global technologies, material innovations, and design capabilities to support the evolving needs of this region," said Amit Kavrie, Managing Director, Supreme Group. "We believe Thailand is strategically positioned to become a significant innovation and manufacturing hub for our Group in the South East Asia region."
The full acquisition will facilitate deeper integration into the Group's global ecosystem of material science, design, and engineering. This alignment with Supreme Group's global capabilities aims to enhance focus on light weighting, sustainability, and customer co-development initiatives.
Manoj Swain, Director, International Operations at Supreme Group, added: "With a strong foundation and a capable team, this transition allows us to better align with global customers, invest in scalable growth, and strengthen our regional partnerships. We look forward to engaging with our customers in the coming weeks to share our broader vision."
The company has received several notable recognitions, including the FORD Q1 Certification and Top Supplier Award from AAT in 2023. In 2024, it earned a Silver Award at the TPA Thailand 5S Awards and a Gold Level Award from Thailand's Ministry of Labour for Excellence in Occupational Safety and Health.
Looking ahead, Supreme Fostreon plans significant investments in research and development, advanced material development, and product innovation. The company is also establishing an Experience Centre in Thailand to enhance customer collaboration, enable co-development initiatives, and showcase technologies from the Group's global network.