Praj Industries makes US acquisition to further its ethanol ambitions
India's Praj Industries buys Omaha-based CJ Schneider Engineering.
IndiaÆs Praj Industries has announced its first cross-border acquisition acquiring 100% of CJ Schneider Engineering for Rs225 million $5 million.
Schneider is an Omaha-based company with experience in providing detailed engineering services to the bio-fuel industry including ethanol plants. The acquisition, although small in terms of outlay, is highly synergetic for Praj and marks a quantum step forward for the company in the US.
Praj has a 6%-8% share of the global market in the construction of plants...
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