Fras-le gets green light to purchase Brazil’s Nakata Automotiva
Brazil’s antitrust agency Cade has approved the purchase of São Paulo-based auto parts manufacturer Nakata Automotiva by international vehicle parts and components manufacturer Fras-Le of the Randon Group.
One of the largest friction materials manufacturers in the world, Fras-le has bought Nakata Automotive for 457 million reais (US$87.4mn), strengthening its plan to increase its business activities in Latin America.
The deal includes acquiring of all company shares, its units in the Brazilian states of São Paulo and Minas Gerais, and all operations and businesses, including the maintenance of the company's 416 employees.
Nakata produces components for light and heavy vehicles as well as motorcycles, including a broad portfolio of items for suspension, steering, transmission, braking, and engine.
Headquartered in the Brazilian state of Rio Grande do Sul, Fras-le has manufacturing plants in Argentina, Brazil, Uruguay, China, India, and the United States, distribution centers in Argentina, Colombia, Germany, and the United States, and commercial operations in Chile & Mexico. It has customers in more than 126 countries.