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
Main 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 moreAskoll Holding has launched a voluntary public tender offer for Askoll EVA
Askoll Holding S.r.l. has successfully finalized a voluntary public tender offer for Askoll EVA S.p.A.
Learn moreTrodo has secured financing from SEB Bank to buy out minority shareholder
Trodo, a leading e-commerce brand for automotive spare parts and accessories, has successfully secured a senior debt facility from SEB Bank. The financing enabled the company to buy out its Norwegian shareholder, a long-term business partner who played a pivotal role in establishing Trodo’s operations in Norway during its early years.
Learn more