SEDCO Capital has purchased a minority stake in Nedec Co. Ltd, a leading manufacturer of die-casting and machining products for storage devices, vehicle parts and precision motors.
The strategic move, made by the leading asset manager, exemplifies SEDCO Capital’s goal to identify and invest in unique companies in a variety of industries and locations.
“We are delighted to be partnering with one of the leading manufacturers of die-casting internationally,” Hasan Al-Jabri, CEO of SEDCO Capital, said. “This transaction is in line with our strategy to grow our assets under management regionally and globally while seeking new acquisition opportunities to create valuable partnerships and high return on investments.”
Nedec is headquartered in South Korea, and after being established in 1985, opened manufacturing facilities in Korea, the U.S., China, Philippines, Vietnam, Mexico and Thailand.
“We are pursuing investments in sectors where our team has built a solid track record and believe this acquisition will create value for our investors and shareholders and enhance our ability to generate returns,” Al-Jabri said.
SEDCO Capital works to collaborate with management teams of quality work and those that will offer constant returns for their investors. The company is selective in business partnerships and chooses to work with unique, reputable businesses.
