Equity Bulls
Parekh Aluminex Ltd acquires American Foils Inc.
Edited by : AL CIRCLE
1 min read
Parekh Aluminex Ltd is in process of acquiring 100% shares of American Foils Inc based in USA, by which it will become a wholly owned subsidiary of the company.
American Foils Inc. is engaged in the business of manufacturing of Aluminium Pans / Rolls / Containers / Foils etc. This acquisition would strengthen the presence of the company in North America.
Parekh Aluminex is engaged in manufacturing and sale of Aluminium Foil Containers (AFCs), its lids and covers and Aluminium Foil Rolls (AFRs). The products find its application in packaging of food items in travel industry such as Airlines, railways, fast food chains, restaurants, hotels etc and in household uses.
The Parekh Aluminex Ltd stock was trading at Rs.307, down by Rs.1.25 or 0.41%. The stock hit an intraday high of Rs.308.75 and low of Rs.296.
The total traded quantity was 1524 compared to 2 week average of 4248.
American Foils Inc. is engaged in the business of manufacturing of Aluminium Pans / Rolls / Containers / Foils etc. This acquisition would strengthen the presence of the company in North America.
Parekh Aluminex is engaged in manufacturing and sale of Aluminium Foil Containers (AFCs), its lids and covers and Aluminium Foil Rolls (AFRs). The products find its application in packaging of food items in travel industry such as Airlines, railways, fast food chains, restaurants, hotels etc and in household uses.
The Parekh Aluminex Ltd stock was trading at Rs.307, down by Rs.1.25 or 0.41%. The stock hit an intraday high of Rs.308.75 and low of Rs.296.
The total traded quantity was 1524 compared to 2 week average of 4248.
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