India refractory maker acquires Germany’s GSB Group

By IM Staff
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".

Sunder Singh
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 by...

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