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Parekh Aluminex to acquire 100% shares of American Foils Inc

17 Mar 2012 Evaluate

Parekh Aluminex is in process of acquiring 100% shares of American Foils Inc based in USA. Pursuant to this acquisition, American Foils will become a wholly owned subsidiary of the company. This acquisition will also strengthen the presence of the company in US continent.

American Foils Incorporation is engaged in the business of manufacturing of Aluminium Pans/Rolls/Containers/Foils, etc.

Parekh Aluminex is primarily engaged in manufacturing and sale of Aluminium Foil Containers (AFCs), its lids, and covers and Aluminium Foil Rolls (AFRs) and is one of India's leading producers of AFC/AFR. The products find its application in packaging of food items in travel industry such as airlines, railways, fast food chains, restaurants, hotels etc and also find their application in household uses.

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