Kataria Industries has announced its acquisition of the wire manufacturing business from Ratlam Wires for approximately ₹31 crore. This move is expected to bolster Kataria’s position in the steel wire industry. Ratlam Wires specializes in producing a variety of steel wire products, such as spring steel wires, PC strand wires, and both galvanized and ungalvanized wires.
The acquisition, valued at ₹30.6 crore, is being conducted on a slump sale basis, with the business continuing as a going concern. Arun Kataria, Managing Director of Kataria Industries, stated, “This acquisition is anticipated to boost our revenue and profit margins through the synergies created by both companies. It aligns perfectly with our long-term growth strategy and will allow us to better cater to a diverse range of industries.”
Kataria Industries is involved in manufacturing essential equipment, including low relaxation pre-stressed concrete (LRPC) strands, steel wires, and post-tensioning anchorage systems, which are utilized in sectors such as infrastructure, road construction, bridges, and power transmission and distribution.
Kataria Industries is a dynamic manufacturing company known for producing high-quality industrial products across sectors like automotive, construction, and consumer goods. With a strong emphasis on innovation and precision, the company specializes in the production of materials such as metal components, fabricated parts, and engineering products.
Kataria Industries is committed to delivering durable and reliable solutions that meet the diverse needs of its clients, ensuring adherence to international quality standards. The company’s focus on technological advancements and efficient production processes has positioned it as a trusted supplier in both domestic and international markets. Its dedication to sustainability and operational excellence further strengthens its role as a key player in the industrial manufacturing sector.