Bonnell acquires Aacoa for $50.8M
Oct 01, 2012 | 02:46 PM
| Anne Riley
Tags
Bonnell Aluminum,
Aaoca,
extrusion,
anodizing,
Duncan Crowdis,
Dan Formsma,
Tredegar,
anne riley
NEW YORK — Extruder Bonnell Aluminum Inc. has acquired competitor Aacoa Inc. for some $50.8 million as it looks to expand its exposure to non-construction end-use markets.
"We have been actively searching for an acquisition that meets our stated goals for expanding into markets outside of building and construction. In Aacoa, we found a top-quality manufacturer that will help us move toward our strategic objectives for both growth and diversification," Bonnell president Duncan Crowdis said in a statement.....
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