Altrad Group to acquire MDK Energy and Muehlhan Industrial from Muehlhan.

Altrad Group, a manufacturer and supplier of industrial equipment, agreed to acquire MDK Energy and Muehlhan Industrial, providers of trading and services related to the oil and gas industry, including paint, coating and surface treatment works and renting out scaffolding, from Muehlhan, an industrial services company. Financial terms were not disclosed. ` This transaction further implements the strategy of Muehlhan to focus on its core business interests, and it positions the oil and gas business with a new dynamic owner who plans to grow and further develop the business.