# CIE Automotive acquires Iber-Oleff Brasil from Iberomoldes for €20 million

CIE Automotive acquired 100% of Iber-Oleff Brasil from Iberomoldes for €20 million, plus €2 million for adjacent land for expansion. The Brazilian subsidiary, located in Salto, São Paulo, manufactures plastic components for vehicle interiors.

- Type: Acquisition
- Announced: 2023-02-03
- Where: Salto, São Paulo, Brazil
- Value: $21.5M (20.0M EUR)
- Jobs: 400
- Status: completed
- Products: plastic components for vehicle interiors
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [CIE Automotive](https://endata.com/companies/16833.md) (acquirer)
- [Iberomoldes](https://endata.com/companies/68341.md) (partner)
- [Iber-Oleff Brasil](https://endata.com/companies/68342.md) (target)

## Sources

- [regiaodeleiria.pt](https://www.regiaodeleiria.pt/2023/02/iberomoldes-vende-iber-oleff-brasil-por-20-milhoes-de-euros-a-empresa-espanhola/), 2023-02-03: "A integração da Iber-Oleff Brasil dá-nos acesso aos principais OEM asiáticos no país, além de reforçar o nosso posicionamento junto das OEM europeias e americanas."

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