HPTL, founded in 1949 and located in Lichtervelde, Belgium is a wholly owned subsidiary of Hydro, specialized in the manufacturing of welded tubes for a variety of markets, including Industrial Products and HVAC. The plant consists of a cast house, cold rolling mill and four tube lines and has approximately 185 employees. The company formerly known as Remi Claeys was acquired by the Sapa Group in 2003 and became part of Hydro in 2017.
Aurelius Group is a pan-European investment group with offices in Munich, London, Stockholm, Amsterdam and Madrid. With a long-term investment horizon, Aurelius Group is focused on the acquisition of corporate carve-outs and companies with operational improvement and growth potential, with longstanding investment and management expertise in various industries.
“We are proud of the progress of the welded tubes operation since the integration in Sapa and subsequent full Hydro ownership. The business has been particularly resilient through last year’s crisis, continuing to grow and deliver world-class products to both existing and new customers. After careful review we have come to the conclusion that the welded tubes business is better suited to reach its full potential under new ownership. Aurelius with its dedication and focus on welded tubes is well-equipped to further grow the business”, says Bruno D’hondt, Senior Vice President of Hydro Extrusions Europe.
“Aurelius views HPTL as a leading player in the European market for welded aluminum tubes due to its vertical integration and circular capabilities. HPTL’s high-quality and reliable offering, strong commercial capabilities, customer relationships, and commitment to a low environmental footprint makes it a long-term and highly attractive investment. Aurelius looks forward to providing both financial and entrepreneurial support to the Business and establish it as a strong and independent company that is able to grow,” says Gilles van Kooten, Managing Director and Head of Benelux of the Aurelius Group.
After closing the company will take the name Remi Claeys.
Terms of the transaction have not been disclosed.