The move perfectly aligned with Kataria Industries’ long-term growth strategy, enabling it to better serve a wider range of industries.
Oct 25, 2024
Steel wires maker Kataria Industries has announced the acquisition of the wire manufacturing business from Ratlam Wires for a total consideration of INR 30.6 crore, compared to the Net Asset Value (Net Worth) of INR 30.27 crore, as per the unaudited financials dated October 21, 2024.
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A statement issued by the company said the decision was expected to bolster Kataria’s position in the steel wire industry. Ratlam Wires specialized in producing a variety of steel wire products, such as spring steel wires, PC strand wires, and both galvanized & ungalvanized wires.
As per Mr. Arun Kataria, MD, Kataria Industries, the acquisition was aimed at enhancing the company’s turnover and margins through the combined synergies of both businesses. This move perfectly aligned with the company’s long-term growth strategy, enabling it to better serve a wider range of industries.
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Kataria Industries has been engaged in the manufacturing and supply of critical equipment like low relaxation pre-stressed concrete (LRPC) strands, steel wires, and post-tensioning anchorage systems, used in sectors like infrastructure, roads, bridges, and power transmission & distribution lines
