In a significant move toward bolstering its market presence and driving innovation, Kataria Industries has announced the acquisition of Ratlam Wires' wire manufacturing division for Rs 30.6 crore. This acquisition, completed on a slump sale, going concern basis, was unveiled recently and aims to enhance Kataria Industries' standing in the competitive steel wire industry.
The acquisition includes an extensive range of steel wire products from Ratlam Wires, such as spring steel wires, PC strand wires, and both galvanised and ungalvanised variants. This expansion will integrate with Kataria Industries' existing offerings, amplifying its product portfolio and operational efficiency.
Yash Kataria, the company's leader and driving force behind this strategic move, emphasised the acquisition's importance in their growth strategy. He stated, "This acquisition is a crucial step in our long-term growth strategy, aimed at increasing our turnover and margins. The synergies resulting from this merger will empower us to serve a wider array of industries more effectively."
Kataria Industries is well-known for manufacturing key components like low relaxation pre-stressed concrete (LRPC) strands and post-tensioning anchorage systems, essential in infrastructure, roadways, bridges, and power transmission.
This acquisition highlights Kataria Industries' commitment to growth, quality, and market leadership, setting it on a path of increased innovation and influence in the industry under Yash Kataria's visionary leadership.