Yamato Kogyo acquires 50% stake in Salix Products for $40M

Japanese steelmaker Yamato Kogyo Co. acquired a 50 percent stake in Salix Products from Martinus Group for $40 million, forming a joint venture. Salix will be operated as a 50:50 joint venture between Martinus and Yamato.

“Martinus Group has announced the sale of 50 per cent of the company Salix Products to Japanese steel operation Yamato Kogyo Co for $40 million.”railexpress.com.au

• 1 source
• railexpress.com.auYamato Kogyo acquires 50 per cent stake in Salix from Martinus GroupKayla WalshDec 17, 2025

Summarized from public sources; check the original articles before acting on it.