India refractory maker acquires Germany’s GSB Group
Published: Tuesday, 26 February 2019
India's Dalmia-OCL has bought German refractory producer GSB for $17 million, thereby entering the EU market with a focus on "cleaner steel".
Indian refractory producer Dalmia-OCL has expanded into
Europe with the purchase of German speciality refractory
manufacturer GSB Group, thus increasing its stake in the
clean refractories market.
The transaction was valued at €15 million ($17
million), Fastmarkets has learned.
According to Dalmia-OCL the investment will be funded partly