Metalsa sells components division to Martinrea

Metalsa sells components division to Martinrea

M&A Mexico Canada

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

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