Horgen, December 5, 2013 – 3A Composites, a division of Schweiter Technologies, is acquiring the production facilities of Durabuild Technologies Pvt Ltd, a manufacturer of painted aluminum coils and composite panels in Pune, India.
The transaction will enable 3A Composites to extend its already strong market position in the Indian architectural sector. The coil coating line in particular will give the company more flexibility, expand its range of range of products and colours, and enhance its delivery service. Further benefits include a reduction in the impact of exchange rate swings and increased exports to the Middle and Far East. The purchase price, including land and buildings, is approx. CHF 10 million. The purchase is expected to close in January 2014.
For further information please contact:
Martin Klöti, Head of Management Services
Tel. +41 44 718 33 03, Fax +41 44 718 34 51, firstname.lastname@example.org