GMM Pfaudler, a global leader in corrosion-resistant technologies, has announced a strategic move to expand its manufacturing capabilities in Europe. The company, through its German subsidiary, Pfaudler GmbH, has acquired a 51% stake in a Polish company. This acquisition was formalized on December 20 with the signing of an Investment and Shareholders’ Agreement.
Key Details
- New Facility in Poland:
GMM Pfaudler will establish a state-of-the-art manufacturing and engineering unit in Poland. - Specialized Production:
The acquired entity manufactures high-quality stainless-steel equipment for the pharmaceutical and food industries. This acquisition enhances GMM Pfaudler’s global competitiveness. - Investment:
An investment of PLN 12.2 million (around ₹25.3 crore) will fund the new facility. The funding comes entirely from internal accruals.
Strategic Goals
This expansion aligns with GMM Pfaudler’s vision to strengthen its European market presence. The facility will help deliver cost-effective, high-quality solutions to customers worldwide.
Thomas Kehl, CEO of International Business, emphasized, “This acquisition reflects our focus on delivering value to our customers. Establishing this facility in Poland supports our goal of expanding in Europe and beyond.”
About GMM Pfaudler
GMM Pfaudler specializes in corrosion-resistant technologies, systems, and services for chemical and pharmaceutical industries.
- Global Reach:
The company operates 20 manufacturing locations across four continents. - Workforce:
Over 2,000 employees drive its innovative and customer-centric solutions. - Ownership:
The Patel family is the largest shareholder in GMM Pfaudler Ltd.
Market Update
Shares of GMM Pfaudler were trading at ₹1,212.9 on the BSE, down 0.55% at 10:11 am. The stock has faced challenges, dipping 24% year-to-date and 23.8% over the past year.
This acquisition marks a significant step in GMM Pfaudler’s journey to enhance its manufacturing capabilities and global footprint. The company remains committed to innovation and delivering high-value solutions to its customers.