| Sanmar buys US-based Matrix Metals |
| BS Reporter / Chennai April 01, 2008 |
| The Rs 1,596 crore Sanmar Group has acquired Matrix Metals LLC, a portfolio company of Jefferies Capital Partners. According to a release issued by Sanmar today, the merger between the two companies is expected to create create one of the leading specialty steel casting groups in the world. Sanmar officials declined to disclose the acquisition cost or other details of the deal. The deal is the culmination of the close relationship between Chennai-headquartered Sanmar and Matrix |
