HLE Glascoat has successfully completed the transaction to acquire the global business of Thaletec GmbH (Thaletec), along with its wholly owned subsidiary Thaletec Inc., USA, after receiving all necessary regulatory approvals.
Pursuant to the acquisition, Thaletec is now a wholly owned subsidiary of HLE. Thaletec had revenues of Euro 26 million in 2020. HLE Glascoat is now a global player in manufacturing of process equipment, with 4 manufacturing facilities across India and Germany.
HLE Glascoat is a leading manufacturer of process equipment for the chemical and pharmaceutical industries.
