Nithia Capital-backed Amalgam Steel completed the acquisition of Crest Steel & Power for $80m.

Nithia Capital-backed Amalgam Steel, a steel manufacturer, completed the acquisition of Crest Steel & Power, an integrated steel plant for $80m. “With our newly forged partnership with Amalgam Steel, we believe Crest will soon achieve a successful turnaround and is well set on its planned growth programme,” Jai Saraf, Nithia Capital Founder.