Home > News > India

Ess Dee Aluminium closes in on Italian acquisition

Thursday, Jul 30, 2009
点击:
Ess Dee Aluminium, a leading provider of packaging solutions, is in advanced talks to buy Comital, an Italian firm almost five times its size, for USD 125 million to 150 million. A deal will help Ess Dee Aluminium expand its presence in the consumer packaging business and ramp up global operations. Mr Sudip Dutta CMD of Ess Dee Aluminium said that “We have been looking overseas for acquisition opportunities. But I have no comments to make on any specific transaction.” Comital is majority owned by Milan stock exchange-listed investment group Management & Capitali. It had revenues of USD 403 million for the year ended December 2008. Bank of America Merrill Lynch is the banker facilitating the transaction. The Italian acquisition will give Ess Dee a significant presence in Europe. Almost two thirds of the revenues of Comital comes from the Italian market, with the rest of Europe accounting for another third. Comital could also help the Indian firm expand into consumer packaging business. (Sourced from Economic Times)

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......