Thai AAPICO buys auto frame maker from Dana Corp

Newswire

BANGKOK, May 20 (Reuters) - Thai auto-parts maker AAPICO Hitech Plc said on Tuesday it would acquire a Thai manufacturer of frame sets for Isuzu pick-up trucks from U.S. firm Dana Corporation for nearly $50 million. AAPICO said in a letter to the Stock Exchange of Thailand (SET) it would buy a 99.99 percent stake in common shares of Parish Structural Products (Thailand) Ltd. Parish makes frame sets for one tonne pick-up trucks manufactured by Japan's Isuzu . AAPICO said the transaction ...

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