Proliance International, Inc., a manufacturer and distributor of aftermarket heat transfer products, has sold its European subsidiary Nederlandse Radiateuren Fabriek B.V. (NRF) to Banco Products India Ltd., a leading provider of cooling components and gaskets to the automotive industry.
NRF is a leading pan-European manufacturer and distributor of customized OEM and aftermarket heat transfer products.
Banco Products Indis Ltd., founded in 1962 and based in Baroda, India, engages in the manufacture, sale and export of engine cooling components and engine sealing gaskets to the automotive, industrial and agricultural industries. The company offers a range of gaskets for diesel engines, automotive and industrial radiators, intercoolers, cabin heaters, replacement cores and industrial cooling systems.
Proliance International, Inc., a manufacturer and distributor of aftermarket heat transfer products, and certain of its USA subsidiaries filed voluntary bankruptcy petitions in July 2009.
One of Oaklins' teams in the USA and in the Netherlands advised the seller in this transaction.
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