Bonnell Aluminum acquires aluminium extrusion company in Utah

<p>William L. Bonnell Co. Inc. or Bonnell Aluminum, a subsidiary of Tredegar Corp. has recently completed its acquisition of Utah-based Futura Industries Corp, a press statement from the group has confirmed. For more than 60 years, Bonnell Aluminum has built a reputation as one of North America''s leading manufacturers of custom aluminium extrusions.</p> <p><img style="vertical-align: middle; display: block; margin-left: auto; margin-right: auto;" src="http://www.alcircle.com/uploads/images/custom_extrusions.jpg" alt="News" width="517" height="226" /></p> <p>Chesterfield County-based Tredegar, a maker of plastic films and aluminium extrusions announced the acquisition deal on Feb. 1 in order to expand their aluminium extrusion business. The company has said the acquisition value of about $92 million has been funded with its existing revolving credit.</p> <p>Futura is one of the leading aluminium extruders in the world and the U.S. and delivers customized, start-to-finish aluminium extrusion services. &nbsp;Futura designs and manufactures extruded aluminium products like branded flooring trims and components for truck grills, solar panels, and fitness equipment. Futura, which has about 350 employees, will operate as a 100% subsidiary of Bonnell after the acquisition.</p> <p>{googleAdsense}</p> <p>The companies expect that the acquisition will drive higher standards for product quality and service through their combined significant operational expertise, complementary capabilities and geographic coverage. &nbsp;</p>