GMM Pfaudler to acquire 51% stake in a LLC in Poland
With the aim of establishing a manufacturing and engineering facility in Poland
GMM Pfaudler through its subsidiary Pfaudler GmbH, Germany, has entered into an Investment and Shareholders' Agreement on 20 December 2024, to acquire 51% stake of a limited liability company in Poland.
This acquisition aims to establish a manufacturing and engineering facility in Poland, enhancing its global manufacturing capabilities and competitiveness.
The acquired entity specializes in the manufacturing of high-quality stainless-steel equipment for the pharmaceutical and food industries.
Investment of PLN 12.2 million (~ Rs 25.3 crore) will be made to establish this facility and the transaction will be funded through internal accruals.
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First Published: Dec 23 2024 | 9:02 AM IST