21
Dec
15:56
Investment group acquires German strip processor
Pickhardt & Gerlach Group (PGW), a German steel strip coating company has been taken over by industrial investment group GESCO.
The move comes as a consequence of the search for a new owner for the company, a GESCO spokesman tells Kallanish. The company was sold by the entrepreneur Hekhorn family, who acquired PGW in 1990 and has significantly expanded its business operations since. The transaction is still awaiting approval by antitrust authorities.
PGW,…
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