Pfaudler

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.

Pfaudler, Inc.
IndustryChemical equipment manufacturing
Founded1884
Rochester, New York, United States
Key people
Thomas Kehl (CEO)[1]
OwnerGMM Pfaudler (54%)
Patel family (26%)
Deutsche Beteiligungs (20%)[2]
Websitehttps://www.pfaudler.com

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]

References
  1. "Company Information | Pfaudler". www.pfaudler.com.
  2. "GMM Pfaudler acquires 54% stake in parent firm for around $27.4 million". Business Standard India. 20 August 2020. Retrieved 24 August 2020.
  3. "Deutsche Beteiligungs acquires process equipment maker Pfaudler". Business Standard India. 17 December 2014. Retrieved 22 August 2020.
  4. "German PE fund Deutsche Beteiligungs backs Pfaudler Process Solutions". VCCircle. 16 December 2014. Retrieved 22 August 2020.
  5. "GMM Pfaudler - About Us". www.gmmpfaudler.com. Retrieved 29 May 2020.
  6. "Why investors should consider GMM Pfaudler's stock". Moneycontrol. Retrieved 29 May 2020.
  7. "GMM Pfaudler to acquire majority stake in parent firm for $27.4 million". www.businesstoday.in. Retrieved 22 August 2020.
  8. "GMM Pfaudler to take control of Pfaudler Group's global business". VCCircle. 20 August 2020. Retrieved 22 August 2020.
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