Sapa Profiles India Pvt. Ltd. has entered into an agreement with Alufit (India) Pvt. Ltd. under which Sapa will buy the assets of Alufit related to its aluminium extrusion business operated out of its plant in Kuppam, India.
The transaction is subject to various regulatory conditions, which the parties expect to satisfy in the near future. The plant, which was built in 2009, is an integrated one-press extrusion facility with both powder coating and anodizing capabilities.
SOURCE: Sapa Profiles India Pvt. Ltd.