GMM Pfaudler Acquires MixPro Industrial Mixing Solutions

GMM Pfaudler Ltd, through its wholly-owned subsidiary GMM Pfaudler US Inc., has taken a significant step forward by entering into an agreement on September 14, 2023 to acquire 100% of Professional Mixing Equipment Inc., commonly known as MixPro.

MixPro, headquartered in Brampton, Canada has gained recognition for its innovative mixing solutions catering to a diverse range of industrial applications. In the financial year ending on October 31, 2022 MixPro reported a turnover of USD 3.5 million, demonstrating its strong presence in the market.

MixPro primarily operates in industries such as Mineral Processing, Pulp & Paper, and Flue Gas Desulfurization. The strategic acquisition of MixPro aligns seamlessly with GMM Pfaudler’s growth and diversification strategy. It not only expands the company’s product portfolio but also bolsters its mixing business by incorporating additional technology and process know-how. This acquisition strengthens GMM Pfaudler Ltd’s position in the industry and underscores its commitment to expanding its product offerings while maintaining its strategic growth trajectory.

No governmental or regulatory approvals are required for the completion of this acquisition which is expected to conclude by October 2023. The acquisition is based on a cash consideration of USD 7 million.

GMM Pfaudler (GMMP) manufactures corrosion resistant glass-lined equipment. It is a leading supplier of process equipment to the pharmaceutical and chemical industries. Over the years GMMP has diversified its product portfolio to include Mixing Systems, Filtration & Drying Equipment, Engineered Systems and Heavy Engineering equipment.

Yesterday the script was closed at Rs 1765.50 and today it opened at Rs 1790. Currently it is trading at Rs 1844, up by 4.46%. It has 52 week high of Rs 2189 and 52 week low of Rs 1350. Company has market capitalization of around Rs 8300 crore. Over the past six months shares of company has increased it value by around 22 per cent.

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