On October the 27th of 2020, NBI formalized the agreement for the acquisition of the 100% of the capital stock of Turnatorie Ibérica and a 51.35% of ALPROM.

The activity of both companies consists in the supply of aluminium components (manufactured by casting, injection and machining) for the automotive sector and to a lesser extent, for the general industry sector. Turnatorie is located in Romania, with its registered office in Oradea and ALPROM has its plant in Burgos, Spain.

The addition of Turnatorie is an important milestone for NBI. Apart from the leap this represents for the Group, both in revenues and EBITDA, it also enables the entry into the automotive sector and a further consolidation as an industrial group. This process reinforces the NBI Group’s position.