TRF takes over Dutch Lanka Trailer

TRF Ltd, a Tata group company, has acquired controlling stake in Dutch Lanka Trailer Manufacturers Ltd (DLT) of Sri Lanka. In the first phase, it would acquire 51 per cent stake of DLT for $8.67 million. It would have a call and put option agreement for acquisition of the balance 49 per cent for $8.33 million.

Through its joint venture with Tata International Ltd in India, DLT manufactures and sells trailers in India. DLT has manufacturing facility in Sri Lanka and sells trailers in 30 countries. Dutch Lanka Engineering (Private) Ltd, a 100 per cent subsidiary of DLT in Sri Lanka, is engaged in repairs, maintenance and service business for trailers. DLT also has a subsidiary in Oman, which manufactures and sells trailers in the West Asian markets.

TRF, an engineering and material handling equipment manufacturer, has formed a joint venture with Tata Capital and Jasper Industries for automotive applications through fabrications and machining for vehicles to be used as trailers, tippers, load bodies and refrigerated bodies. TRF also has a Singapore-based subsidiary, York Transport Equipment (Asia) Pte, engaged in manufacturing of trailer undergears in India, Australia and Singapore.