Dubai Holding unit completes US acquisition

Arabian Post Staff

Dubal Extrusion Investment (DEI), a company under Dubai Holding, has completed the acquisition of Thermalex Inc — an aluminium extrusion company specialized in aluminium multiport extruded tube (MPE) located in Montgomery, Alabama, USA.

The acquisition comes as a response to the growing demand for DEIs products to Automotive, HVAC & and other commercial products.

Following the acquisition of Thermalex Inc. alongside its sister company OSE Industries, DEI will ensure prompt supply of MPE Tubes, HVAC sector in automotive and non-automotive industry, as well as battery cooling tube for electric vehicles (EV) industries globally.

The acquisition has placed DEI in a strategic position to support the needs of its clients by guaranteeing quality, prompt delivery of extrusions, redundancy in supply security, and additional capacity fulfilment.

DEI is on track to achieve its goals of becoming a significant player in the extrusion sector and a leader in the MPE Tubes market in the coming years. With the acquisition of Thermalex and OSE Industries, DEI will now be able to supply MPE Tubes for HVAC and battery cooling applications required for the automotive industry. Additionally, as part of the entire value chain development, DEI is looking at investments in setting up a facility with Large Extrusion Presses & Machining Center for Profiles as well as a recycling facility to produce in-house billets by utilizing the internal scrap generation.

Originally published at Arabian Post.