IMC SWARNAA acquires Trillium Flow Technologies in order to diversify its portfolio and expand its market presence.
IMC SWARNAA acquires
Trillium Flow Technologies in order to diversify its portfolio and expand its
market presence.
· Completes acquisition of 100% stake
of Trillium Flow Technologies (BDK Valves)
·
With this acquisition, the group’s combined
turnover would be approximately INR 1000 Crs.
·
Trillium Flow Technologies, originally known as
BDK Engineering Industries Ltd. was acquired
by Wier Engineering services in 2010 for INR 298.3 Crs.
Mumbai: IMC Swarnaa Ventures Pvt Ltd, a joint venture of
Hubballi based IMC and SWARNAA Group of companies, announced the successful
acquisition of 100% stake in Trillium Flow Technologies India Private Limited
(earlier know as Weir India Pvt. Ltd.), a leading player in manufacturing Ball
Valves, Butterfly Valves, Diaphragm Valves, safety relief valves and Plug
Valves, under the well renowned “BDK Valves” brand, expanding
their market offerings.
Well reputed in the domestic market,
Trillium Flow technologies serve prestigious clients such as Reliance, Adani,
ONGC, HMEL, NTPC, JSW, L&T, General Electric, Doosan, Siemens, Ion
Exchange, including international clientele such as ABB Alstom, Hitachi and
Honeywell, among others. Through this acquisition, the Company hopes to
continue catering to the various industrial segments such as Oil and Gas,
Power, Metals and Mining. In 2010, the Indian Company BDK Engineering
Industries Ltd. was acquired by Wier Engineering services for INR 298.3 Crs.,
which was then renamed to Trillium Flow Technologies India Private Limited.
Commenting on the occasion, Mr. Bimal Mehta,
Chairman, IMC Swarnaa Ventures Pvt Ltd said, “The acquisition of Trillium is
a unique transaction bringing a pioneering leader in valve manufacturing back
in the hands of Indians. This acquisition strengthens our presence in the
category and our commitment to drive value for our customers. We look forward
to combining IMC Swarnaa’s capabilities with the talent and expertise brought
by Trillium’s team as we expand our market presence.”
“Through
this acquisition, we are confident of taking Trillium Flow Technologies to the
next level with the support of our employees, customers and all other
stakeholders and restore the company to its earlier reputation. The 56 year
metals trade experience of IMC group combined with RDSO standard manufacture
expertise of Swarnaa group will add an unparalleled growth to the new
acquisition. ” said Dr. Ch. V.S.V.
Prasad, Co-Chairman, IMC Swarnaa Ventures
Pvt. Ltd.
Trillium Flow technologies’ products have earned approvals from
several customers over the years, making them a key supplier of valves for
various applications. It boasts of excellent client relations in over 50
countries in the international market and a domestic presence spread across
India, with a presence in over 11 cities.
BDA Partners were the exclusive financial advisor to the Trillium Group.
Bathiya Legal were the sole legal advisors, and Bathiya & Associates LLP
Chartered Accountants were Financial Advisors to IMC Swarnaa Group.
IMC Swarnaa Ventures is confident of turning around the company by
virtue of their excellent relationships on both the sourcing and customer side.
“We believe that with our Customer Centric
Approach, we would successfully meet our client’s
expectations and multiply our order book and sales in next 6 months” said Mr. Shyam Mehta, Director, IMC Swarnaa.
“We
believe that there are several areas of improvement in the supply chain
management which we are confident of addressing successfully and enhance the
processes in production and delivery for efficient management.” said Mrs. Mounika Kore, Director, IMC Swarnaa.
About
IMC Group
IMC
Group is a leading steel distribution house having presence in South and
West India with over 55 years of operations. The Company has been representing
Tata Steel (for Tata Tiscon/ Tata Tiscon Readybuild Steel/ Tata Structura/ Tata
Wiron), JSW Steel (for MS Sheets and Plates), amongst others. IMC has been
consistently receiving awards of excellence from Tata Group over the last
decade. IMC has more than 400 dealers and channel partners supported by 100+
strong sales and marketing team spread across regions.
About
SWARNAA Group
Swarnaa
Group of Companies is an organisation that has grown out of 30 years of hard
work and perseverance by its MD, Dr. Ch. V. S. V. Prasad. The company
incorporates several diverse fields of achievements such as Central government
and public infrastructure construction projects like construction of ROB/RUBs
in the heart of the city in record time with an excellence in the South Western
Railway domain, manufacturing of Pre-stressed concrete sleepers to RDSO
standards, hotel and restaurant business, wind electricity generators, Ready
mix concrete (RMC), blocks and pavers production, Advertising, Real estate
development and more. Apart from the professional achievements, Dr. Prasad’s
cap is feathered with numerous philanthropic and humanitarian services.
This has been made evident during this pandemic where Dr. Prasad has donated
food and necessities to those in need and more importantly, secured and donated
a large number of oxygen concentrators during the worst hit
shortage. From feeding the needy to helping the underprivileged,
Dr. Prasad is always within earshot of the person calling for help. Swarnaa
Techno Constructions Pvt. Ltd., led by Dr. Prasad is a home to a team of more
than 1500+ and all within exist as a family unit supporting each other and Dr.
Prasad’s pursuit of excellence.
