Bosnia's Hifa Oil acquires German aluminium door, window profiles maker
Bosnian oil and oil derivatives trader Hifa Oil has acquired a German manufacturer of aluminium door and window profiles, LB.Profile GmbH, local media reported.
Last year, Hifa's unit Euro Roal concluded a strategic partnership with LB.Profile paving the way for the acquisition. This is Hifa Oil's seventh subsidiary, but its first in Germany.
Following the acquisition, Euro Roal - local leader in the distribution of aluminum and inox steel profiles - will strengthen its position on foreign markets, the source reported.
LB.Profile employs 45 workers and is based in Hesse, in Germany. Its dominant markets are Germany, Belgium, the Netherlands, Lithuania and Russia.
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Hifa Oil is a leader in the transport of oil and oil derivatives in Bosnia. Its subsidiaries include EURO ROAL, EURO METALI, EURO STIL, EURO POWER, PETROBIT, BITROL Slovenia and now LB.Profile.
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