Bus

Fras-le acquires automotive parts company

Posted on December 14, 2011

Fras-le S.A. recently acquired Freios Controil Ltda, a manufacturer of auto parts, brake components and automotive polymers. The value of the deal is set at $6 million, subject to adjustments. In addition, Fras-le will fully assume the company's debt that is valued at approximately US $24 million.

Fras-le announced the pending acquisition earlier this month and will assume control and management of Freios Controil effective Jan. 1, 2012. Both companies are located in Rio Grande do Sul, Brazil.

With the acquisition of Freios Controil, Fras-le reinforces its strategic goal of sustainable growth as a global company with earnings in 2013 forecasted at $601 million. Daniel Raul Randon, Fras-le's CEO and head of investor relations, said the acquisition fits perfectly with Fras-le's desire to expand its brand presence inside and outside of Brazil. The transaction will also allow the company to smoothly integrate its distribution network with Freios Controil's.

Randon said the new company helps Fras-le diversify its portfolio of products, currently composed of over 9,000 items, including brake pads and lining sold in over 80 countries. New items added to Fras-le's product line include hydraulic cylinders, along with air filter hoses, intake manifold joints and a range of automotive rubber components that are part of the automotive polymers segment.

 

 

View comments or post a comment on this story. (0 Comments)

More News

BYD zero-emission buses used to transport 2015 World Games athletes

Both the cities of Los Angeles and Long Beach have opted to purchase 100% battery-electric transit buses from BYD Motors in each of their latest procurements.

BusCon 2015 to offer perspective on the bus industry’s fastest growing customer base

This event offers one location where anyone involved with buses, including public transit and private companies, can meet to build business connections, learn from successful leaders in the field and discover new solutions to the everyday challenges they face.

CHK America completes first tier of GRTC bus stop signage improvements

Tier One modernizes 300 stops along two of GRTC’s busiest routes with each stop receiving upgrades that include new flags with clearly visible route and bus stop numbers as well as eye-level, easy-to-use printed schedule and map information.

Transit management expert to inspire at BusCon 2015 keynote address

The keynote address, “Driving Excellence” will be delivered on Tuesday, Sept. 29, at 11 a.m. by Mark Aesch, CEO of TransPro, a management consultancy that guides transit systems.

Port Authority to realign gates at NYC bus terminal

The changes are aimed at improving bus operations and reducing congestion in the terminal that can stretch back out into the inbound Lincoln Tunnel and beyond.

See More News

Post a Comment

Post Comment

Comments (0)

More From The World's Largest Fleet Publisher

Automotive Fleet

The Car and truck fleet and leasing management magazine

Business Fleet

managing 10-50 company vehicles

Fleet Financials

Executive vehicle management

Government Fleet

managing public sector vehicles & equipment

TruckingInfo.com

THE COMMERCIAL TRUCK INDUSTRY’S MOST IN-DEPTH INFORMATION SOURCE

Work Truck Magazine

The resource for managers of class 1-7 truck Fleets

Schoolbus Fleet

Serving school transportation professionals in the U.S. and Canada

LCT Magazine

Global Resource For Limousine and Bus Transportation

Please sign in or register to .    Close