Acquisition deal includes the procurement of machinery with scope for adding another two presses
Emirates Extrusion Factory (EEF), a subsidiary of the private equity arm of Dubai Investments, Masharie, has acquired a production facility for aluminium extruded profiles from AKFA Aluminium and Plastic FZE, to increase its operational efficiency and meet growing demand.
Under the terms of the deal, EEF acquires the 10,000m2 factory on a leased-land of 35,000m2 at Techno Park, a special free zone under the Jebel Ali Free Zone Authority.
The acquisition deal includes the procurement of machinery such as extrusion press in addition to automatic and manual powder coating lines.
A large plot of land with scope for adding another two presses, anodizing line, wood finish line and a thermal break line has also been acquired as part of the buyout.