Randon Companies, parent company of Fras-le and JOST, among other global brands, has announced its intent to enter the United States trailer market.
As part of this movement, the company announced Wednesday the signing of a purchase intention agreement for the North American trailer manufacturer Hercules, with an investment of $40 million and which should be finalized within 120 days, depending on the fulfillment of the condition’s precedent set forth in the agreement.
“Entering the American market is a historic milestone for Randon Implementos, with growth potential due to competitiveness and the characteristics of that country’s transport and logistics model,” says Sandro Trentin, superintendent director of the trailers vertical of Randon Companies.
Randon Companies already operates in the U.S. market with other business units.
“We work to maintain the company's sustainable growth, and we believe that entering the largest semi-trailer market in the western world will be a fundamental factor for us to follow this route, enhancing synergies and expanding the ability to withstand the challenges of market volatility and the global economy,” says Sérgio L. Carvalho, CEO.
Randon Implementos is the largest semi-trailer manufacturer in Latin America and one of the largest in the world. In addition to the units spread throughout Brazil, the company currently maintains a manufacturing park in Argentina, and works with partners to assemble semi-trailers at several strategic global logistics points, in Central America and Africa. It is the main Brazilian exporter in the segment, with a historical market share of 60 percent in exports, the company says.