December 20, 2019
Mexico's Metalsa has sold a division that makes structural components for passenger cars to Canada's Martinrea International for $19.5 million.
"This divestment will allow Metalsa to focus on its strategy for chassis and commercial vehicles in which Metalsa is a leader in the market, as well as on the launch of electrification projects for cargo vehicles," the Monterrey-based auto parts company said in a statement.
The deal includes a production facility in San Luis Potosí, Mexico, along with fa
Mexican auto parts company includes facilities in San Luis Potosí and Alabama in the $19.5 mln deal