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

Va. woman struck by bus awarded $4.5M

The driver had reportedly been in four other accidents in the previous 18 months but was allowed to stay behind the wheel.

Fla.'s HART partners with Megabus.com to pilot service option

The agency is already providing enhanced routes and options through a unique 5-year partnership agreement with Megabus.com which began last year, to offer express travel to and from Miami and Orlando for as little as $1.

BusCon 2015 takes Indy by storm with new vehicles, tech and education

The 20th installment of the show featured more than 50 new exhibitors, 70-plus vehicles and plenty of information to inspire attendees.

House moves to delay PTC deadline

A bipartisan measure has been introduced in the lower chamber that would push back the deadline for most railroads to install automated train technology until December 2018.

Volvo celebrates new Nova, Prevost customer delivery center

The new Plattsburgh, N.Y., building will be equipped of a welcoming customer area, 10 bus delivery spaces and offices to enable our customers to continue their professional activities during their stay.

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



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