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Slide #45. Exco Technologies Limited — Automotive Leather Company Group (PTY) Limited
Exco Technologies Limited (TSE:XTC.CA)
Automotive Leather Company Group (PTY) Limited
Exco Technologies Limited (TSX: XTC) today announced that it has signed a definitive agreement with Automotive Leather Company Group (PTY) Limited ('ALC'), a private company organized under the laws of South Africa, whereby a wholly-owned subsidiary of Exco would acquire all of the shares of ALC.
Exco Technologies is a global designer, developer and manufacturer of dies, moulds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. Co. operates in two business segments: Casting and Extrusion segment designs and engineers tooling and other manufacturing equipment. Its operations are substantially for automotive and other industrial markets in North America; and Automotive Solutions segment produces automotive interior components and assemblies primarily for seating, cargo storage and restraint for sale to automotive manufacturers and Tier 1 suppliers (suppliers to automakers).
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