- Exco Technologies Limited (XTC) releases its first quarter results
- Exco’s management will hold a conference call to discuss the results on Thursday, February 3, 2022
- As a reminder, the annual meeting of Shareholders of Exco Technologies Limited will be held virtually on January 26, 2022
- Back in Decemeber, Exco had signed a definitive agreement to acquire the extrusion dies business of Halex Holdings GmbH
- Exco Technologies Limited (XTC) is down 0.96 per cent, trading at C$10.29 at 12:33 pm EST
Exco Technologies (XTC) will report its financial results for the first quarter ended December 31, 2021, on Wednesday, February 2nd.
Exco’s management team will hold a conference call to discuss the results on Thursday, February 3, 2022, at 10:00 am.
The conference call can also be accessed by dialling toll-free at (866) 572-8261 or internationally at (703) 736-7448. The conference ID is 4594530.
As a reminder, the annual meeting of Shareholders of Exco Technologies Limited will be held virtually on January 26, 2022, at 4:30 pm.
Back in December, Exco had signed a definitive agreement to acquire the extrusion dies business of Halex Holdings GmbH. The transaction is expected to close in the spring of 2022.
Nick Gnatyuk, Vice President and General Manager of Exco’s Extrusion Group had this to say about the acquisition, “It will provide us with well-established and high-quality operations, manufacturing complex extrusion dies in Europe and will also allow us to better support our global customers.”
“We have been looking to expand into Europe for some time and we see Halex as the perfect fit.”
The transaction was valued at €40 million (C$58 million equivalent) on an enterprise value basis and was to be funded with a combination of cash on hand and available bank lines.
Through this acquisition that was implemented in December, Halex will complement Exco’s six existing extrusions die operations, located in Canada, USA, Mexico, Colombia and Brazil.
The company is the second-largest manufacturer of aluminum extrusion dies in Europe and the continent’s leading supplier of complex extrusion dies.
Exco Technologies Limited (XTC) is down 0.96 per cent, trading at C$10.29 at 12:33 pm EST.