India’s GMM Pfaudler expands global footprint with MixPro acquisition
GMM Pfaudler Ltd, an India-based provider of corrosion-resistant technologies, has signed an agreement to acquire 100% of the share capital of Professional Mixing Equipment Inc., known as MixPro. The deal is worth a total of $7 million and will be funded through internal accruals. The transaction is slated to be finalized by October 2023.
MixPro’s Innovative Mixing Solutions Enhance GMM Pfaudler’s Portfolio
Located in Brampton, Canada, MixPro specializes in the design and manufacture of cutting-edge mixing solutions for a broad range of industrial applications. MixPro’s offerings include standard and customized mixing systems used in various industries such as Mineral Processing, Pulp & Paper, and Flue Gas Desulfurization. The acquisition of MixPro aligns with GMM Pfaudler’s strategic objectives to enhance its product portfolio in the mixing technologies business.
GMM Pfaudler Expands Global Mixing Technology Platform
Tarak Patel, Managing Director of GMM Pfaudler, stated, “The acquisition of MixPro is in line with our strategy of building our Mixing Technologies business. It enhances our product portfolio and also further strengthens our process know-how and simulation/testing capabilities.” With the completion of this acquisition, along with the previous acquisition of Mixel, GMM Pfaudler has created a comprehensive global mixing technology platform that can cater to a diverse range of industry segments.
MixPro to Continue Operations in Canada
MixPro, which employs 17 people, is headquartered in Brampton, Canada. The acquisition is expected to synergize with GMM Pfaudler’s existing services and products, expanding its global footprint and deepening its expertise in corrosion-resistant technologies and mixing systems.