Iochpe Buys Mexican Parts Supplier

Iochpe Buys Mexican Parts Supplier

Brazil Mexico M&A

Brazilian commercial and light vehicle parts producer Iochpe-Maxion has agreed to acquire Grupo Galaz, a Mexican auto parts supplier, for $195m. The move comes as part of Iochpe’s plans to expand globally – the company earlier this month announced the $725m acquisition of US-based auto-parts supplier Hayes Lemmerz. Apart from a small-scale military vehicle chassis export program, this is Iochpe’s first step toward moving into the chassis business in the US market, a company offici

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