On July 26, BDK Valve Private Ltd., a manufacturer of industrial valves, and Gurukrupa Group, a western Indian real estate developer, announced the successful acquisition of a 100% stake in Theis Precision Steel India Pvt. Ltd (Theis Precision). This is the promoter group's second international acquisition.

"The acquisition of 'one-stop one-window' Theis Precision Steel is a one-of-a-kind value-added transaction." "As we expand our market presence, we look forward to combining BDK Valve's capabilities with the talent and expertise brought by Theis Precision's team," said Shyam Mehta, director, Theis Precision Steel India.

Theis Precision, formerly owned by Tata Steel Ltd., specializes in specialty cold rolling of high/medium carbon steels in India. The company is also the only manufacturer of precision hot-rolled solid steel profile sections. They cater to the need of various market segments such as automotive, textile machinery, cutting blades/saws, office machinery, general engineering, etc.

They can also meet specific needs such as desired surface finish, roughness, tempering, dimensional tolerances, and packaging. Theis Precision has recently expanded their product line to include Hardened & Tempered strips.

"With the support of BDK Valves and the Gurukrupa Group, Theis Precision Steel can now become an undisputed market leader and accelerate growth and expansion." "The diversification of manufacturing and synergies in terms of manufacturing facilities, processes, and products will give us an advantage and add to the products and services we offer customers," said Chetan Kothari, director of Theis Precision Steel India.

The company currently has a manufacturing capacity of 40,000 tonnes per year and plans to immediately increase that capacity to 150000 tonnes in order to increase its market share in both domestic and global markets.