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.
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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.
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.