MONTERREY, Mexico, May 17 (Reuters) - Mexican conglomerate Alfa said on Thursday it agreed to buy an auto parts firm from local rival Grupo Industrial Saltillo (Gissa) for $72 million, also taking on its $64 million in debt. Alfa said Castech, the unit of Gissa , last year had sales of $180 million. Alfa, which makes processed food and petrochemicals alongside auto parts, has invested around $1.1 billion so far this year in acquiring 11 auto parts producing plants in the Americas and ...
Premium Content (PAID Subscription Required)
"Mexico's Alfa buys autoparts firm from Gissa" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642