Proliance International, Inc. has sold Nederlandse Radiateuren Fabriek to Banco Products India Ltd.
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.
Talk to the deal team
Bradford A. Adams
Oaklins TM Capital
Related deals
Subaru of Jacksonville has been acquired by Shottenkirk Automotive Group
Subaru of Jacksonville (SOJAX) has been successfully acquired by Shottenkirk Automotive Group. The acquisition marks the group’s entry into both the Subaru brand and the Jacksonville market, establishing a presence in Florida while honoring the Porter family’s long-standing legacy and retaining the existing team at SOJAX.
Learn morePlain Vanilla Investments has sold its portfolio company Euphoria Mobility to Sofindev
Sofindev has reached an agreement with the shareholders of Euphoria Mobility, including private equity firm Plain Vanilla Investments, to acquire a majority stake in the company. This strategic partnership will enable Euphoria to accelerate its European expansion, reinforce its presence in the Benelux region and further enhance its product offering.
Learn moreMain Capital Partners has acquired a majority stake in CarWise and AutoDisk
CarWise and AutoDisk (together referred to as CarWise), leading providers of integrated front-, mid- and back-office ERP software for the leasing and car rental sector in the Benelux, have sold a majority stake to Main Capital Partners, a prominent European software investor.
Learn more