Aluminium supplier Al Taiseer Group Talco Industrial Company (TALCO), an aluminium extrusion company in Saudi Arabia has opened a new chapter in Saudi Arabia’s aluminium sector with a preliminary agreement to acquire Eastern Aluminium Extrusion Factory.
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The non-binding MoU allows TALCO, an aluminium extrusion company, to begin feasibility studies and financial and legal due diligence, as stated in its filing to the Saudi stock exchange. The agreement runs for nine months, with an option for extension.
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This month, TALCO unveiled a strategic plan that prioritises mergers, acquisitions and joint ventures. The company aims to expand its product portfolio and deepen manufacturing capabilities. The potential purchase of Eastern Aluminium Extrusion fits neatly into this roadmap, offering immediate capacity and geographic advantage.
Eastern Aluminium Extrusion, founded in 2009 and based in Dammam, has an annual capacity of 40,000 tonnes. For TALCO, adding this facility could strengthen its downstream integration and help meet rising Gulf construction and infrastructure demand.
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