Dalmia-OCL Solidifies its Expansion in Europe with the Acquisition of GSB Group GmbH
Dalmia-OCL, the refractories business of Dalmia Bharat Group, announced end of January 2019 its expansion into Europe with its first-ever international acquisition, of GSB Group GmbH – a German specialty refractory maker and a global leader in lance production, essential for good quality and clean steel production.
Sameer Nagpal, CEO Dalmia-OCL said: “We are delighted as this acquisition marks our group’s first major step in Europe where consolidation in the market has opened new doors for a company like ours. Dalmia-OCL’s end-to-end refractory portfolio and GSB’s access to European steel customers will make this combination a strong competitor in Europe. This acquisition will also make us one of the specialized manufacturers of refractories, for cleaner steel production, a focus area for Indian steel makers too. It will give us newer resources and talents in Europe which will help strengthen our capability in India, which is the fastest growing market for refractories in the world.” Mark Runge, MD GSB Group GmbH commented, “We are happy that the Dalmia Bharat Group and its refractory business have taken over the company. We built the GSB Group with a vision to service its customers in the region with world-class efficiencies and best-in-class talent. I am confident that with the experience and legacy of Dalmia this vision will only get better and move to the next level.”
Founded in 1954, the refractory business of Dalmia Bharat Group today comprises two business units: Dalmia-OCL and Dalmia Seven. Dalmia Seven is a JV between Dalmia Bharat Group and Seven Refractories of Europe, for manufacturing advanced monolithics in India. Dalmia-OCL offers end-to-end refractory products, solutions and services to customers in more than 40 countries in core manufacturing sectors such as iron and steel, cement, glass, non-ferrous metals, energy and petrochemicals. With more than 5000 employees ist the second largest refractory group in India.