Immediate expansion to 150,000MT from 40,000MT planned
BDK Valves and Gurukrupa Group from India has acquired German-owned Theis Precision Steel India Pvt Ltd, the two companies’ second acquisition of international companies to serve customers in India and across the world.
Immediate target is to increase manufacturing capacity from 40,000 MT to 150,000 MT per annum, enhancing our market share in domestic & global markets.
Theis Gmbh in Germany (which was owned by Mahler Asia) acquired the Indian unit from Tata Steel in 2008
Theis Precision is a pioneer in specialty cold rolling of high/medium carbon steels in India. Today, it is a leading specialty cold rolled steel strips manufacturer in the country. It also is the only manufacturer of precision hot rolled solid steel profile sections, by a unique process, to satisfy the customers whose needs may be small in quantity but expectations are large.
Arjen Rijpkema, CEO, Mahler Asia BV in the Netherlands, said, “We are convinced that the new owners will contribute strongly to the further development of the company. They bring in-depth knowledge of the steel market, manufacturing and real estate experience which all can strengthen the business.
“They are geographically much closer to the plant enabling them to be more hands-on and directly involved as promotors than we could ever be from the long distance in Europe.”
Shyam Mehta, Director, Theis Precision Steel India, elaborated, “The acquisition of ‘one-stop one-window’ Theis Precision Steel is a unique value-enhancing deal bringing a pioneer in specialty cold rolling of high/medium carbon steels into our fold.
“This acquisition expands our portfolio presence and showcases our commitment to drive value for our customers. As a leading specialty cold rolled steel strips manufacturer in the country, Theis Precision is the only manufacturer of precision hot rolled solid steel profile sections by a unique process, to satisfy the customers whose needs may be small in quantity but expectations are large.
“We look forward to combining BDK Valve’s capabilities with the talent and expertise brought by Theis Precision’s team as we expand our market presence,” he said on 28 July 2023.
Theis Precision’s Cold Rolling Division, established in 1968, pioneered in India cold rolling of stainless steel and later focused on cold rolling of narrow width strips in mild, medium and high carbon and low alloy steels. The Profiles Division, established in 1997, has a manufacturing capacity of 6,000 MT of custom-made solid profiles/sections in various grades of steel. Hardened & Tempered Division, established in 2022 has a manufacturing capacity of 4,000 MT of H&T strips in high carbon and alloy grades of steel for various applications ranging from woodworking saws, Blades like Gangsaw/Bandsaw, with required edge conditions.
BDK Valves is a leading manufacturer & exporter of valves since last 45 years providing flow control solutions to customers across the world. BDK caters to the need of various market segments such as Oil & Gas, Power, Mining, Steel, Food & General industry. Fiinews.com
