Proliance International has sold Nederlandse Radiateuren Fabriek to Banco Products India
February 2010 — 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 India, 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, a manufacturer and distributor of aftermarket heat transfer products, and certain of its USA subsidiaries filed voluntary bankruptcy petitions in July 2009.
Our role in the transaction
One of Oaklins’ teams in the USA and the Dutch team advised the seller in this transaction.
Talk to the deal team
Related deals
Dan Ryan Truck Rental has secured investment from Dawsongroup
Dan Ryan Truck Rental has secured investment from KKR-backed Dawsongroup. The transaction marks a new chapter in the continued development of the business as it joins the Dawsongroup platform.
Learn moreCarCollect has entered a strategic partnership with Main Capital Partners
CarCollect, a leading European B2B platform for automotive remarketing, has entered a strategic partnership with Main Capital Partners, a prominent European software investor.
Learn moreDiederichs Karosserieteile has been acquired by ITAL, a portfolio company of Naxicap
Diederichs Karosserieteile GmbH has been acquired by ITAL Holding, a European automotive aftermarket platform backed by Naxicap Partners.
Learn more