# 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.

- Type: Acquisition
- Announced: 2025-12-17
- Where: Australia
- Value: $40.0M
- Status: announced
- Products: turnout and trackwork solutions
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Yamato Kogyo Co.](https://endata.com/companies/89204.md) (acquirer)
- [Salix Products](https://endata.com/companies/89205.md) (target)
- [Martinus Group](https://endata.com/companies/89206.md) (partner)

## Sources

- [railexpress.com.au](https://www.railexpress.com.au/martinus-announces-sale-of-50-per-cent-of-salix-products-to-yamato-kogyo-co/), 2025-12-17: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.