Exco Technologies Ltd T.XTC

Alternate Symbol(s): EXCOF

Consumer Cyclical Auto Parts

Exco Technologies Limited is a Canada-based global supplier of technologies servicing the diecast, extrusion and automotive industries. The Company operates through two business segments: Casting and Extrusion Technology (Casting and Extrusion) and Automotive Solutions. The Casting and Extrusion segment designs and engineers tooling and other manufacturing equipment. Its operations are substantially for automotive and other industrial markets in North America and Europe. The Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage and restraint for sale to automotive manufacturers and Tier 1 suppliers (suppliers to automakers). The Company operates in approximately 21 strategic locations in nine countries and serves a various customer base.

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Exco Technologies Ltd > Acquisition news out - Halex Extrusion Dies

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Post by paperbullon Dec 20, 2021 6:43am

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Post# 34245960

Acquisition news out - Halex Extrusion Dies

.....second largest manufacturer of aluminium extrusion dies in Europe

.....The transaction is valued at €40 million (C$58 million equivalent) on an enterprise value basis and will be funded with a combination of cash on hand and available bank lines. Halex will add almost €40 million in annual sales and is expected to be immediately accretive to Exco’s earnings per share. Exco will report the results of Halex within its Casting and Extrusion segment.

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