praj-industries-makes-us-acquisition-to-further-its-ethanol-ambitions

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 that produce ethanol. It has benefited from the recent wave of sentiment in favour of ethanol fuel which burns cleaner than conventional fuels and emits less greenhouse gasses.

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