# Tupy agrees to acquire Teksid's Brazilian and Portuguese cast iron operations for €67.5M

Tupy S.A. reached a revised agreement with Stellantis to acquire the Brazilian and Portuguese cast iron components operations of Teksid SpA for an enterprise value of €67.5 million, expected to close in Q4 2021.

- Type: Acquisition
- Announced: 2021-07-01
- Where: Brazil and Portugal, Brazil
- Value: $80.0M (67.5M EUR)
- Status: announced
- Products: cast iron components, engine blocks, cylinder heads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Stellantis](https://endata.com/companies/7966.md) (target)
- [TUPY](https://endata.com/companies/10573.md) (acquirer)
- [Teksid](https://endata.com/companies/43413.md) (target)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/tupy-reaches-agreement-to-acquire-the-brazilian-and-portuguese-cast-iron-operations-of-teksid-301324227.html), 2021-07-01: "The conclusion of this negotiation is a very important step for Tupy, and we are glad about the potential synergy among the companies."

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