BDK Valves (a number one producer of Industrial valves offering circulation management options to world prospects) and Gurukrupa Group (a number one realty developer in western India), introduced the profitable acquisition and controlling (100%) stake in Theis Precision Metal India Pvt. Ltd. (Theis Precision). That is the second acquisition of worldwide corporations by the promoter group to serve prospects in India & the world over.
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The Promotors and Administration of BDK Valves, Gurukrupa Group and Theis Precision Metal on the signing of the MoU
Theis Precision, previously owned by Tata Metal Ltd., is a pioneer in specialty chilly rolling of excessive/medium carbon steels in India. Immediately, it’s a main specialty chilly rolled metal strips producer within the nation. It is also the one producer of precision scorching rolled strong metal profile sections, by a novel course of, to fulfill the purchasers whose wants could also be small in amount however expectations are massive.
Theis Precision caters to the necessity of varied market segments akin to automotive, textile equipment, slicing blades/saws, workplace equipment, normal engineering, and so on. It’s specialised in catering to personalized necessities akin to desired floor end, roughness, tempering, dimensional tolerances and packaging. As well as, the division has the potential of supplying scorching rolled strong profiles, chilly drawn profiles and profiles in ready-to-use kind. Theis Precision’s newest addition within the product portfolio is Hardened & Tempered strips with a novel surroundings pleasant Quench Media.
Arjen Rijpkema, CEO, Mahler Asia BV within the Netherlands, mentioned, “This sale of Theis Precision Metal to BDK and Gurukrupa brings it again to Indian household possession after Theis Gmbh in Germany (which was owned by Mahler Asia) acquired it from Tata Metal in 2008. We’re satisfied that the brand new house owners will contribute strongly to the additional growth of the corporate. They carry in-depth information of the metal market, manufacturing and actual property expertise which all can strengthen the enterprise. They’re geographically a lot nearer to the plant enabling them to be extra hands-on and instantly concerned as promotors than we may ever be from the lengthy distance in Europe. Additional I’m sure that the brand new house owners will professionally steer Theis Precision in the direction of modernization and accelerated development, which is prime to the enterprise.”
Shyam Mehta, Director, Theis Precision Metal India, mentioned, “The acquisition of ‘one-stop one-window’ Theis Precision Metal is a novel value-enhancing deal bringing a pioneer in specialty chilly rolling of excessive/medium carbon steels into our fold. This acquisition expands our portfolio presence and showcases our dedication to drive worth for our prospects. As a number one specialty chilly rolled metal strips producer within the nation, Theis Precision is the one producer of precision scorching rolled strong metal profile sections by a novel course of, to fulfill the purchasers whose wants could also be small in amount however expectations are massive. We look ahead to combining BDK Valve’s capabilities with the expertise and experience introduced by Theis Precision’s staff as we develop our market presence.”
Chetan Kothari, Director, Theis Precision Metal India, mentioned, “With the backing of BDK Valves and Gurukrupa Group, Theis Precision Metal can now turn into an undisputed chief in its market section and speed up development & growth. The diversification in manufacturing and synergies by way of manufacturing amenities, processes and merchandise will give us an edge and add to the services provided by us to prospects. Theis Precision Metal has merchandise throughout sectors akin to agriculture, automotive, building, slicing instruments, earthmoving and textile equipment amongst others. We’ll additional make investments capital within the firm to quadruple our volumes to be a world participant in speciality metal enterprise.”
Theis Precision’s Chilly Rolling Division, established in 1968, pioneered in India chilly rolling of stainless-steel and later centered on chilly rolling of slim width strips in gentle, medium and excessive carbon and low alloy steels. It has a producing capability of 40,000 M.T. every year. The Profiles Division, established in 1997 has a producing capability of 6000 M.T. of customized made strong profiles/sections in numerous grades of metal. Hardened & Tempered Division, established in 2022 has a producing capability of 4000 MT of H&T strips in excessive carbon and alloy grades of metal for numerous purposes starting from woodworking saws, Blades like Gangsaw/Bandsaw, with required edge circumstances. Rapid goal is to extend manufacturing capability from 40000 MT to 150000 MT every year, enhancing our market share in home & world markets.
Bathiya Authorized have been the only authorized advisors and Bathiya & Associates LLP Chartered Accountants have been Monetary Advisors.
BDK Valves is a number one producer & exporter of valves since final 45 years offering circulation management options to prospects the world over. Our portfolio contains engineered valves for top stress purposes to plain isolation valves of sizes starting from 15mm to 4500mm. BDK caters to the necessity of varied market segments akin to Oil & Fuel, Energy, Mining, Metal, Meals & Common trade. The corporate is embellished with numerous key certifications akin to; API 6D, PED 2014/68/EU Annex III, Module H, SIL-3, CUTR. It continues to deal with sustainable development by investing in individuals & tools doubling the gross sales in FY 2023-24.
Gurukrupa Group: Constructing Goals, Creating Properties
With an unwavering dedication spanning 29 years, Gurukrupa Group has established itself as a outstanding builder and developer, leaving a path of pleased households throughout Maharashtra and Gujarat. Having efficiently accomplished the supply of over 3500 properties to an equal variety of delighted households, Gurukrupa Group takes immense satisfaction within the belief they’ve earned from their prospects. At current, Gurukrupa Group is actively engaged on 1 million sq. toes of actual property, bringing innovation and sustainability to life.