GKN Sinter Metals Buy Out Indian Joint Venture Partner

GKN Sinter Metals has just completed its acquisition of Mahindra and Mahindra Limited’s 51% share in Mahindra Sintered Products Limited (MSPL). The acquisition cost GKN US$13.33 million and gives GKN a 100% shareholding in the company, which will now be known as GKN Sinter Metals Limited (India).

MSPL was originally established as a joint venture between GKN and Mahindra 30 years ago and is currently the largest powder metallurgy producer in India. It manufactures sintered bearings and structural parts for a range of applications such as automotive, home appliance and general industrial applications.

The acquisition of Mahindra’s shares represents a commitment to GKN’s Asian strategy and gives them a total of 36 powder metallurgy facilities worldwide.

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