CUMI buys AWUKO Abrasives assets for €8 million
The Hindu
Murugappa group’s CUMI GmbH, Germany on Tuesday acquired the main assets of AWUKO Abrasives Wandmacher Gmbh & Co. KG (AWUKO), for €8 million.The step-down wholly-owned subsidiary of Carborundu
Murugappa group’s CUMI GmbH, Germany on Tuesday acquired the main assets of AWUKO Abrasives Wandmacher Gmbh & Co. KG (AWUKO), for €8 million.
The step-down wholly-owned subsidiary of Carborundum Universal Ltd, acquired the assets of AWUKO, which is undergoing insolvency proceedings in Germany. CUMI GmbH had executed an Asset Purchase Agreement (APA) with the Insolvency Administrator on December 23, 2021, it said in a regulatory filing.
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