GMM Pfaudler has entered into a binding term sheet with De Dietrich Process Systems India (DDPSI) for itemized sale of their manufacturing facility at Hyderabad, Telangana. The state of the art facility equipped to manufacture Glass Lined Equipment in Secunderabad in Telangana and spread across an area of 6 acres. A consideration of euro 6.25 million will be paid for the proposed transaction subject to completion of the final due diligence and other documentation.
GMM Pfaudler is the largest manufacturer of glass-lined equipment in India. It is also the Indian subsidiary of US based Pfaudler. They also manufacture Wiped Film Evaporators, Agitated Nutche Filters, Hi efficiency Mixing systems, PTFE lined equipment.
