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Home arrow Mergers and Acquisitions arrow Sapa acquires Alufit (India) Pvt Ltd's Aluminium Extrusion Business
Sapa acquires Alufit (India) Pvt Ltd's Aluminium Extrusion Business Print E-mail
Written by James   
Thursday, 10 March 2011
Bangalore: Aluminium profiles producer, Sapa Profiles India Pvt Ltd (a part of the Sapa Group), has inked an agreement with Alufit (India) Pvt Ltd, to acquire it's aluminium extrusion business operated out of its plant in Kuppam, close to Bangalore in southern India. The plant, which was built in 2009, is an integrated one-press extrusion facility with both powder coating and anodizing capabilities.

Sapa has already established a manufacturing plant for extrusion based thermal management applications in Bangalore, and the transaction with Alufit will allow Sapa to further expand its business in India.

"It is Sapa's clear ambition to establish a strong presence in Asia.  The transaction with Alufit in India is an important step to realize this ambition. Through this transaction Sapa will be able to extend its products and technical expertise to the growing base of Indian customers", says Johan Menckel, Business Area President Sapa Asia & Middle East.

The Sapa Group has combined net sales of 33,000 MSEK and aprox 14,500 employees. Sapa is part of Norwegian Orkla ASA.

The Sapa Group develops, manufactures and markets value-added profiles, profile-based building systems and heat exchanger solutions in the light-weight material aluminium. Sapa is divided in the business areas Sapa Profiles, Sapa Building System and Sapa Heat Transfer and is represented in Europe, North America and Asia.

"We expect strong growth in the quickly developing Indian market. Customers are increasingly demanding higher quality and more complex solutions, which Sapa will be able to supply", added Johan Menckel.

The transaction is subject to various regulatory conditions, which the parties expect to satisfy in the near future.After the completion of the transaction, Sapa would be the first global aluminium extrusion company with local production facilities in India.

 
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