HLE Glascoat has wrapped up its previously announced €12 million acquisition of Thaletec, a Germany-based manufacturer of specialized glass lined process equipment/reactors, after securing all the necessary approvals. As part of the deal announced in September 2021, the Indian process equipment manufacturer also acquired Thaletec’s subsidiary — Thaletec USA. Thaletec had registered revenues of €26 […]
HLE Glascoat, an Indian process equipment manufacturer, has agreed to acquire the global business of Germany-based Thaletec, a manufacturer of specialized glass lined process equipment/reactors, for a sum of €12 million in an all-cash deal. The acquisition also includes the German firm’s subsidiary — Thaletec USA. HLE Glascoat said that the acquisition is a part […]
