Following its agreement to acquire the leaf spring and stabilizer segments of the Austrian Frauenthal Group in June, Hendrickson says it has entered into an agreement to sell its 50 percent stake in Muelles y Ballestas Hispano-Alemanas, S.A. (MBHA) to InvestZiur, the other 50 percent shareholder.
As a result, both Hendrickson and MBHA will be able to pursue a stand-alone strategy.
Following completion of both of the transactions, the latter of which will close this month, MBHA will be wholly-owned by its founding shareholders, InvestZiur, and the Frauenthal Group’s leaf spring and stabilizer business will be wholly-owned by Hendrickson.
Read Next
Goodyear launches customer resource portal
December 10, 2020
