GMM Pfaudler Arm to Acquire 51% Stake in Polish Company

MT Newswires Live12:11

Manufacturer of corrosion-resistant equipment and chemical process systems GMM Pfaudler (NSE:GMMPFAUDLR, BOM:505255), through its subsidiary Pfaudler, Germany, has agreed to acquire a 51% stake of a limited liability company in Poland, according to a Monday filing with the stock exchanges.

The acquisition is aimed at helping the company establish a manufacturing and engineering facility in Poland with an investment of 12.2 million Polish złoty.

The acquired entity manufactures stainless-steel equipment for the pharmaceutical and food industries.

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