Acquisition Details
Dubal Extrusion Investment, a UAE-based entity, has finalized the acquisition of Thermalex, an American firm known for its aluminum multiport extruded tubes. This strategic purchase is designed to meet the growing demands within the automotive and HVAC industries, as well as other commercial sectors.
Operational Synergies and Market Expansion
The acquisition aligns with Dubal Extrusion Investment’s goals to streamline the supply chain of multiport extruded tubes. These components are notably used in the thermal management systems of electric vehicle batteries, a rapidly expanding market segment.
Management and Future Growth
Dubal Extrusion Investment intends to continue utilizing Thermalex’s operational know-how to sustain product excellence and fulfill market needs across the Americas. Future investment plans include the enhancement of manufacturing capabilities through new extrusion presses, advanced machining centers, and a dedicated recycling facility to produce aluminum billets from scrap.
