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New Deal


Announced

Cumi Abrasives to acquire Rhodius for $62m.

Synopsis

Cumi Abrasives, a step down wholly owned subsidiary of Carborundum Universal, to acquire Rhodius, a metal construction company, for $62m. “Rhodius has over seven decades of experience manufacturing high-performance grinding and cutting consumables for machining of metal and stones. RHODIUS brings in a vast and innovative product line up with various patented benefits that create unique selling opportunities," Narayanan Ananthaseshan, Cumi Managing Director.

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