Sapa Profiles India Pvt Ltd, a part of the Sweden-based Sapa Group, has acquired Bangalore-based Alufit (India) Pvt Ltd's aluminium extrusion business.
The aluminium extrusion business is operated out of the Alufit's plant in Kuppam, near Bangalore. The plant was built in 2009 and is an integrated one-press extrusion facility with both powder coating and anodizing capabilities.
Sapa already has a manufacturing plant for extrusion based thermal management applications in Bangalore, and this deal will allow Sapa to further expand its business in India.
Corporate Catalyst India Private Limited are the financial advisors to Alufit on this transaction.
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