ACS Spain partner, teamOn Corporate Finance advises on the sale of SETE's production unit to Argentinean company ALUEX.
SETE, based in Guipúzcoa (Spain), has more than 80 years of experience manufacturing aluminium tubes and containers for different sectors.
ALUEX S.A., based in Buenos Aires, is dedicated to the manufacture of collapsible aluminium tubes and rigid pipes. The company has been selling its products throughout Latin America since 1996, mainly to the pharmaceutical, cosmetic, paint, industrial and veterinary sectors