Canadian Manufacturing

Exco acquires Halex Extrusion Dies

The transaction was valued at €40 million on an enterprise value basis and was funded with a combination of cash on hand and available bank lines.

May 3, 2022   by CM Staff

 

TORONTO — Exco Technologies Limited has closed the acquisition of the extrusion dies business of Halex Holdings GmbH.

Halex Extrusion Dies operates four key manufacturing locations – two in Germany and two in the northern industrial region of Italy. The company is reportedly the second largest manufacturer of aluminium extrusion dies in Europe and a supplier of complex extrusion dies to the continent.

A statement from Exco has indicated that Halex will complement the company’s six existing extrusion die operations, located in Canada, two in the United States, Mexico, Colombia and Brazil.

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The transaction was valued at €40 million on an enterprise value basis and was funded with a combination of cash on hand and available bank lines. Exco expects that Halex will add approximately €40 million in annual sales. Exco will report the results of Halex within its Casting and Extrusion segment.