# Tupy acquires Teksid's cast iron components business from FCA for €210M

Tupy S.A. entered into an agreement to acquire FCA's global cast iron automotive components business, operated through Teksid S.p.A., for €210 million. The deal includes facilities in Brazil, Mexico, Poland, Portugal, a joint venture in China, and engineering and sales offices in Italy and the US.

- Type: Acquisition
- Announced: 2020-01-11
- Where: Brazil
- Value: $231.0M (210.0M EUR)
- Status: announced
- Products: cast iron automotive components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [TUPY](https://endata.com/companies/10573.md) (acquirer)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (partner)
- [Fiat Chrysler Automobiles](https://endata.com/companies/14862.md) (target)
- [Teksid](https://endata.com/companies/43413.md) (target)
- [Fiat Chrysler](https://endata.com/companies/45388.md) (partner)

## Sources

- [foundry-planet.com](https://www.foundry-planet.com/d/tupy-acquires-teksid-s-cast-iron-components-business-from-fiat-chrysler-automobiles/), 2020-01-11: "Tupy S.A. today announced that it has entered into an agreement for the acquisition of FCA's global cast iron automotive components business, which is operated through FCA's subsidiary Teksid S.p.A."
- [thelatinamericanlawyer.com](https://thelatinamericanlawyer.com/cleary-gottlieb-counsels-tupy-on-teksid-acquisition/), 2020-02-05: "We are looking forward to welcoming our colleagues from Teksid to build together an even stronger company for the future."
- [moderncasting.com](https://www.moderncasting.com/articles/2020/02/20/tupy-acquires-teksids-cast-iron-business), 2020-02-20: "Tupy S.A. announced it agreed to purchase Fiat Chrysler’s global cast iron automotive components business"

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