The Times of India
Sapa Profiles eyes acquisitions
Edited by : AL CIRCLE
1 min read
Even as it is doubling production at its Kuppam unit, Sapa Profiles India, a leading global manufacturer of aluminium extrusions, is actively scouting for acquisition opportunities in the country.
The company is looking to buy firms engaged in the aluminium extrusion business in the northern and western regions, top officials said. "We have done a market survey and have identified potential companies. It (acquisition) will help us get a good market position," said Keith Jones, business area president, Sapa Extrusions Asia.
Sapa, which is doubling capacity to 16,000 tonnes per year at Kuppam, has invested 180 crore in the aluminium extrusion business in the country since 2011. Incidentally, the company bought Alufit India's aluminium extrusion business for $30 million in 2011. The company has also made an initial investment of $3.5 million for a precision tubing plant at its Kuppam facility.
The company is looking to buy firms engaged in the aluminium extrusion business in the northern and western regions, top officials said. "We have done a market survey and have identified potential companies. It (acquisition) will help us get a good market position," said Keith Jones, business area president, Sapa Extrusions Asia.
Sapa, which is doubling capacity to 16,000 tonnes per year at Kuppam, has invested 180 crore in the aluminium extrusion business in the country since 2011. Incidentally, the company bought Alufit India's aluminium extrusion business for $30 million in 2011. The company has also made an initial investment of $3.5 million for a precision tubing plant at its Kuppam facility.
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