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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.
Federal-Mogul Motorparts will invest more than $8.68 million and create 25 jobs to expand its Glasgow, Kentucky facility to produce air disc pads for the commercial vehicle market.
| Site | Largest | Latest |
|---|---|---|
| Glasgow, United States | $8.68M | 2017-12-12 |