The extrusion plant is located in Cacém, on the outskirts of Lisbon and employs 170 people. The company has two extrusion presses, a refuser and a variety of value-added activities.
Bavaria Industriekapital is an industrial business group specialized in the acquisition and reorganization of companies with low or no profitability.
The Portuguese factory has been under Hydro's command since 1995, when it was acquired from a UK company based in Caradon Plc.
Andrew Smith, who served as financial manager for Portalex, will remain at the plant as managing director.