M&A
Industrial equipment maker GMM Pfaudler to buy 51% in Polish co for Rs.25-Cr
Press Release BSE Disclosure Business Line
Mumbai-based, publicly listed industrial equipment manufacturer GMM Pfaudler Ltd , through its German subsidiary, Pfaudler GmbH, is to acquire a 51% stake of a limited liability company in Poland. The company plans to invest PLN 12.2 million (around INR 25.3 crore) in the project, which will be funded through internal accruals.The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.
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