Thermax Ltd. buys Polish Barite Investments Sp.

As reported by Equity Bulls, India-based energy company Thermax has reportedly acquired 100 % of the share capital of Polish firm Barite Investments Sp. z.o.o.. As a direct consequence, Barite will become a subsidiary of Thermax. Moreover, Thermax hopes to profit on a large-scale basis from Barite’s expertise in boiler manufacturing: The acquisition might help Thermax with future expansion of its Eastern Europe business. New projects will especially focus on waste-to-energy and biomass solutions, as the company wants to invest in renewable energy solutions, which they view as a growing market.

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