GMM Pfaudler Acquires Majority Stake in German Subsidiary to Establish Manufacturing Facility in Poland
- 27-Dec-2024 3:59 PM
- Journalist: Kim Chul Son
GMM Pfaudler Ltd, a leader in corrosion-resistant technologies, has unveiled plans to establish a state-of-the-art manufacturing facility in Poland. This significant step follows the signing of an Investment and Shareholders’ Agreement on December 20 by its German subsidiary, Pfaudler GmbH. Under this agreement, Pfaudler GmbH has acquired a 51% stake in a Polish limited liability company, which specializes in the production of high-quality stainless-steel equipment for the pharmaceutical and food industries. This acquisition is a strategic move that further strengthens GMM Pfaudler’s manufacturing capabilities in Europe and enhances its global competitiveness.
The newly acquired Polish entity will serve as a critical addition to GMM Pfaudler’s expansive network of manufacturing locations. The company has allocated an investment of PLN 12.2 million (approximately Rs. 25.3 crore) for the facility’s development, which will be funded through internal accruals. This investment is expected to support the company’s growth objectives in the European market and expand its ability to deliver top-notch, cost-effective solutions to its global customer base.
Thomas Kehl, CEO of International Business at GMM Pfaudler, emphasized the strategic importance of this acquisition, stating, “This acquisition is a significant step in reinforcing our presence in Europe and ensuring we deliver cost-effective, high-quality solutions to our customers worldwide.” The new facility is expected to bolster the company’s existing European operations and further solidify its standing as a leader in the process equipment manufacturing sector.
GMM Pfaudler operates 20 manufacturing locations and boasts a strong sales and service network across four continents. The company serves a wide range of industries, including the chemical and pharmaceutical sectors, with a comprehensive portfolio of corrosion-resistant technologies, systems, and services. The Patel family, which holds the largest share in GMM Pfaudler Ltd, has been instrumental in the company’s growth, reinforcing its position as a major player in engineering and manufacturing.
Headquartered in India, GMM Pfaudler is a globally recognized leader in process equipment manufacturing. The company specializes in the production of glass-lined reactors, storage tanks, and other critical components used in the chemical, pharmaceutical, and allied industries. With decades of industry expertise, GMM Pfaudler combines advanced technology with engineering excellence to offer durable, high-performance solutions designed to meet the complex demands of industrial processes.
The company’s product portfolio is designed to adhere to the highest safety and quality standards, ensuring reliability even in the most challenging environments. GMM Pfaudler’s commitment to innovation, sustainability, and customer satisfaction has cemented its reputation as a trusted partner in the global process equipment industry. Through its expanded European presence, the company is poised to further its reach in both domestic and international markets.