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Industry | Chemical equipment manufacturing |
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Founded | 1884 Rochester, New York, United States |
Key people | Thomas Kehl (CEO) [1] |
Owner | GMM Pfaudler (54%) Patel family (26%) Deutsche Beteiligungs (20%) [2] |
Website | https://www.pfaudler.com |
Pfaudler, Inc. is an American multinational company best known for the invention of glass-coated steel, its successful commercialization and the subsequent production of storage tanks, reactors and other vessels for the brewing and chemical process industries. Pfaudler manufactures glass and fluoropolymer-lined reactors and components for the chemical and pharmaceutical industries. Pfaudler was founded in the US in 1884 and set up a production plant in Schwetzingen, Germany to circumvent export costs.
Although at one time an independent company, Pfaudler has been acquired by a succession of holding companies, including the Process Solutions Group of National Oilwell Varco (NYSE : NOV), an American multinational public company.
Pfaudler in turn has independent locations / engineering / manufacturing facilities in Asia, Europe, North America and South America.
In December 2014, German firm Deutsche Beteiligungs AG (FWB : DBAN) acquired Pfaudler from National Oilwell Varco, with a view to setting up a subsequent co-investment with the management to support a management buyout. [3] [4]
In India, Pfaudler partnered with Gujarat Machinery Manufacturers (GMM) for a joint venture, before acquiring a 40% stake in the company in 1987. Pfaudler raised its stake to 51% in 1999 and renamed the company as GMM Pfaudler (NSE : GMMPFAUDLR). [5] GMM Pfaudler manufactures glass-lined reactors as well as non-glass-lined equipment for pharmaceutical and chemical companies. It has a market share of 60 percent in glass-lined equipment in India. [6] In August 2020, GMM Pfaudler announced that it will purchase a majority stake in Pfaudler Group from Deutsche Beteiligungs. [7] [8]
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