GMM Pfaudler’s subsidiary-- GMM Pfaudler US Inc., USA has approved the execution of a joint venture agreement with JDS Manufacturing (JDS), USA. GMM Pfaudler US Inc., USA is going to acquire 51% stake of JDS, USA at consideration of $0.5 million (Rs 3.9 crore) and the transaction will be funded through internal accruals. Joint venture with JDS will further develop the company’s high-margin service business and is expected to strengthen its market position in the Americas. JDS manufactures glass-lined spare parts and components and also provides re-glassing services.
GMM Pfaudler is a leading supplier of engineered equipment and systems for critical applications in the global chemical and pharmaceutical markets.
