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Windlass takes over Spanish co
30 April 2011: Windlass Steelcrafts has acquired Marto, an European company in Spain that manufactures decorative historical swords.
The total net worth of Marto is believed to be around Rs 150 crore. The acquisition will also include Marto’s two sister companies — Bermejo, which manufactures military dress swords for many international governments and Midas, a high—end jewellery manufacturer catering to the world’s gift market. All this has been bought through Atlanta Cutlery Corporation Inc. of the USA at an undisclosed sum.
With this acquisition, Windlass becomes the largest sword maker in the world with the biggest market share. It now has its manufacturing facilities at Dehradun in India, Conyers Atlanta in the US and Toledo in Spain.
Source: Hindu Business Line