| Usha Martin acquires distribution company in Netherlands |
Usha Martin Limited through its wholly owned subsidiary in UK viz Usha Martin International Limited has acquired the business of DE Ruiter Staalkabel B.V, Netherlands which is a distribution company having warehouse and rigging facility. The total value of the acquisition is around Euro 3 Million.
This company has a strong brand equity in high end rope and allied products for shipping, port and oil field applications and this acquisition will help the Company to widen its reach in the European market.
Usha Martin is a leading producer of speciality steel and one of the world’s largest wire rope manufacturers. It has manufacturing facilities in Ranchi, Jamshedpur and Hoshiarpur in India, UK, Thailand, UAE and USA.
It has a worldwide distribution, service and marketing network spread across the US, UK, Europe, Africa, the Middle East, South East Asia and Australia.
http://www.moneycontrol.com/india/news/pressmarket/usha-martin-acquires-distribution-companynetherlands/18/01/300093 |
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