LG Balakrishnan & Bros through its USA based subsidiary company ‘LGB USA Inc’ has acquired 100% shares of ‘GFM Inc’ located in Detroit Michigan. The deal consideration was approximately $5.5 million. GFM Inc posted a turnover of $15 million in the previous financial year.
LG Balakrishnan & Bros is a premier manufacturer of both automotive and industrial chains under the popular brand name ‘ROLON’. LGB is now surging ahead to become a metal forming company concentrating on hot, warm & cold forging, blanking, fine blanking & precision machined parts.
| Company Name | CMP |
|---|---|
| SamvardhanaMotherson | 131.75 |
| Tube Investments | 3018.50 |
| Bosch | 37760.00 |
| UNO Minda | 1153.65 |
| CIE Automotive India | 486.00 |
| View more.. | |
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