Metalsa Sells Its Structural Components For Passenger Cars Division To Martinrea International

Metalsa Sells Its Structural Components For Passenger Cars Division To Martinrea International

The Structural Components for Passenger Cars operations include six production facilities in Germany, the United States, Mexico, South Africa and China.

Metalsa S.A. de C.V., a global Mexican company producing metal structures for light and commercial vehicles of the automotive industry, has reached an agreement with Martinrea International Inc. for the sale of its Structural Components for Passenger Cars Division. 

Martinrea is a diversified and global automotive group based in Toronto, which is dedicated to the design, development and manufacturing of lightweight, high-value propulsion structures and systems.

In order to complete the transaction, certain conditions must be completed, including the regulatory approval of the corresponding authorities.

The Structural Components for Passenger Cars operations include six production facilities in Germany, the United States, Mexico, South Africa and China. 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.

“This is a win-win process. The customer wins by having a more extensive offering of products with the new Martinrea. Martinrea will generate synergies and complement its product portfolio by scalability to the Structural Components for Passenger Cars Division. Metalsa wins by being able to focus on its chassis, commercial vehicles and electrification strategies. The people in Structural Components for Passenger Cars will realize new opportunities in a culture very aligned with that of Metalsa,” said Leopoldo Cedillo, CEO of Metalsa.

Regarding the transition process, Cedillo commented that both companies will work closely together to complete the transaction and facilitate a seamless operational transition during the first four months of 2020.

“The process will be made very orderly and with a vision of the future for the benefit of customers, investors and employees, always with ethics and integrity, as marked by the group’s values. We will continue to contribute to the future of mobility structures, providing sustainable solutions for the next generations,” Cedillo stated.

For additional information, visit http://www.metalsa.com/.

You May Also Like

Nexen Tire Announces Partnership with Manchester City

In addition to Nexen Tire branded Manchester City uniforms, the partnership also includes company branding at each venue.

Manchester-United-Nexen

 Nexen Tire America, Inc. announced its partnership with the City USA Tour 2024. The tour, consisting of four pre-season matches, gives U.S. soccer fans the chance to see the Manchester City FC compete live against top European football clubs at iconic venues across the country. Nexen Tire said it has been a proud supporter of the Manchester City football club for several years, and this partnership highlights the football club’s global reach and ability to connect with its massive global fan base. In addition to Nexen Tire branded Manchester City uniforms, the partnership also includes company branding at each venue, the company said.

China Manufacturing Risks: They Just Keep Growing

Harris discusses what companies can do to reduce their China manufacturing risks, among other topics related to doing business in China.

China-Manufacturing-Risks-They-Just-Keep-Growing
Dana, Authentic Vision Partner on Product Authenticity Label

The Dana Secure Label, featuring a serialized QR code and integrated hologram-fingerprint, offers unmatched protection against counterfeiting, according to Authentic Vision.

Dana-Authentic-Vision-Partner-on-Product-Authenticity-Label
GKN Signs Virtual Power Purchase Agreement with Recurrent Energy

The 10-year VPPA agreement will cover 65% of GKN Automotive’s European electricity load and 30% of its global load.

GKN Signs Virtual Power Purchase Agreement with Recurrent Energy
SKF Group Announces Leadership Transition

Philipp Herlein, head of the global vehicle aftermarket division, has been appointed managing director of the global SKF lubrication & MPT division, effective October 1.

SKF Group Announces Leadership Transition
Other Posts
SMP to Acquire European Supplier Nissens Automotive

The transaction is expected to be complete in the second half of 2024.

Nokian Tyres Produces First Tire in Romanian Factory

Nokian said the milestone was reached as planned, and commercial tire production will start in early 2025.

Nokian-Tyres-Romania-factory
Volkswagen Names Mobileye Among Top Suppliers for 2024

Mobileye, one of 10 companies to be honored, received the award for digitalization.

Volkswagen Names Mobileye Among Top Suppliers for 2024
EuroTaller Confirms Support for AutoAmericas Show

EuroTaller is a network that brings together independent automotive workshops.

EuroTaller