NETWORK advises Bencis Capital Partners on the sale of HALEX Extrusion Dies to EXCO Technologies. HALEX Holding GmbH, Aldenhoven, a portfolio company of Bencis Capital Partners, has sold its Extrusion Dies business with two German and three Italian sites to the Canadian EXCO Technologies Limited, Markham, ON. NETWORK exclusively advised Bencis and HALEX Holding on the transaction.
The divestment of the Extrusion Dies division is in line with the strategy of HALEX Holding to entirely focus on the hardening activities of the HÄRTHA Hardening Industries division in the future. Due to limited synergies between the business units, Bencis and the management of HALEX Holding have decided to divest the company.
EXCO Technologies, a listed company on the Toronto Stock Exchange, has successfully completed its long-awaited expansion into Europe. With six production facilities to date, the Canadian company is the largest North American supplier of extrusion tools and, with the acquisition, becomes one of the leading suppliers worldwide.
HALEX Extrusion Dies is Europe's second largest manufacturer of extrusion dies for the aluminium processing industry with a turnover of approx. 40 million euros and is the market leader for complex dies. The company employs more than 200 people at its sites in Aldenhoven and Weißenburg (Germany) as well as in Gussago and Verdello (Italy).
Further information about HALEX Extrusion Dies: www.halex-group.de