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Taurus Group, through its subsidiary TAG Automotive, acquired the production unit of Syncotech Innovative Solutions in Santa Perpetua de Mogoda, Barcelona, Spain. The deal adds 25 workers and strengthens the group's automotive plastic components manufacturing capacity.
Taurus Group has acquired the Spanish subsidiary of Nifco Products, a Japanese automotive components manufacturer, for approximately €11 million. The acquired entity will be renamed TAG Automotive, and Taurus plans to invest an additional €5 million.
Taurus Group is building a new 15,000 m² operations center in Oliana, Spain, with an investment of €4 million, doubling storage capacity to 48,000 pallets. The center is expected to be operational by end of 2021.
| Site | Largest | Latest |
|---|---|---|
| Oliana, Spain | $4.85M | 2021-01-22 |