Fecha: 02/02/2012
Pic noticias

02 February 2012

Binani Industries Ltd, the holding company of Braj Binani Group, has announced the acquisition of 3B, a manufacturer of glass fibre reinforements located in Belgium, for €275 million.

Part of the US$1.6 billion Braj Binani Group, Binani Industries Ltd is the holding company catering to various businesses, from cement, zinc and composites to glass fibre. It is headquartered in Mumbai, India.

The Braj Binani Group has acquired a 100% equity interest in 3B from Platinum Equity.

The acquisition of 3B is part of Braj Binani Group’s strategy to expand its presence in the global glass fibre market and augments its capabilities in the glass fibre business.

Headquartered in Battice, Belgium, 3B is a leading European manufacturer of glass fibre for reinforcement of thermoplastic and thermoset composites, supply industries including automotive and wind energy.