Pfaudler

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Pfaudler, Inc.
IndustryChemical equipment manufacturing
Founded1884
Rochester, New York, United States
Key people
Thomas Kehl (CEO)[1]
OwnerGMM Pfaudler (54%)
Patel family (26%)
Deutsche Beteiligungs (20%)[2]
Websitehttps://www.pfaudler.com

Pfaudler, Inc. is an American multinational company best known for the invention of glass-coated steel, its successful commercialization and the subsequent production of storage tanks, reactors and other vessels for the brewing and chemical process industries. Pfaudler manufactures glass and fluoropolymer-lined reactors and components for the chemical and pharmaceutical industries. Pfaudler was founded in the US in 1884 and set up a production plant in Schwetzingen, Germany to circumvent export costs.

Although at one time an independent company, Pfaudler has been acquired by a succession of holding companies, including the Process Solutions Group of National Oilwell Varco (NYSE: NOV), an American multinational public company.

Pfaudler in turn has independent locations / engineering / manufacturing facilities in Asia, Europe, North America and South America.

In December 2014, German firm Deutsche Beteiligungs AG (FWB: DBAN) acquired Pfaudler from National Oilwell Varco, with a view to setting up a subsequent co-investment with the management to support a management buyout.[3][4]

In India, Pfaudler partnered with Gujarat Machinery Manufacturers (GMM) for a joint venture, before acquiring a 40% stake in the company in 1987. Pfaudler raised its stake to 51% in 1999 and renamed the company as GMM Pfaudler (NSE: GMMPFAUDLR).[5] GMM Pfaudler manufactures glass-lined reactors as well as non-glass-lined equipment for pharmaceutical and chemical companies. It has a market share of 60 percent in glass-lined equipment in India.[6] In August 2020, GMM Pfaudler announced that it will purchase a majority stake in Pfaudler Group from Deutsche Beteiligungs.[7][8]

References[]

  1. ^ "Company Information | Pfaudler". www.pfaudler.com.
  2. ^ "GMM Pfaudler acquires 54% stake in parent firm for around $27.4 million". Business Standard India. 20 August 2020. Retrieved 24 August 2020.
  3. ^ "Deutsche Beteiligungs acquires process equipment maker Pfaudler". Business Standard India. 17 December 2014. Retrieved 22 August 2020.
  4. ^ "German PE fund Deutsche Beteiligungs backs Pfaudler Process Solutions". VCCircle. 16 December 2014. Retrieved 22 August 2020.
  5. ^ "GMM Pfaudler - About Us". www.gmmpfaudler.com. Retrieved 29 May 2020.
  6. ^ "Why investors should consider GMM Pfaudler's stock". Moneycontrol. Retrieved 29 May 2020.
  7. ^ "GMM Pfaudler to acquire majority stake in parent firm for $27.4 million". www.businesstoday.in. Retrieved 22 August 2020.
  8. ^ "GMM Pfaudler to take control of Pfaudler Group's global business". VCCircle. 20 August 2020. Retrieved 22 August 2020.

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