# Fras-le acquires 80.1% stake in Federal-Mogul's Sorocaba brake plant

Fras-le, a Randon company, received CADE approval to acquire an 80.1% stake in Federal-Mogul's brake pad factory in Sorocaba, Brazil, forming a joint venture named Jurid do Brasil Sistemas Automotivos Ltda. The deal value was not disclosed.

- Type: Acquisition
- Announced: 2018-01-09
- Where: Sorocaba, São Paulo, Brazil
- Status: completed
- Products: brake pads, brake linings, braking components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Federal-Mogul Holdings](https://endata.com/companies/16645.md) (target)
- [Fras-le](https://endata.com/companies/20659.md) (acquirer)
- [Federal-Mogul Motorparts](https://endata.com/companies/28744.md) (partner)

## Sources

- [automotivebusiness.com.br](https://www.automotivebusiness.com.br/noticias/fras-le-tem-aprovacao-para-comprar-80-de-fabrica-da-federal-mogul), 2018-01-09: "Juntos, por meio desta joint venture, nossas empresas oferecerão produtos e serviços tecnicamente avançados a nossos respectivos clientes de OE e uma gama mais ampla de produtos e marcas para o mercado de reposição na América do Sul."
- [aftermarketnews.com](https://www.aftermarketnews.com/fras-le-federal-mogul-motorparts-form-joint-venture/), 2018-01-09: "Together through this joint venture, our companies will offer technologically advanced products and services to our respective OE customers and a wider range of products and brands to the aftermarket in South America."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.