Source: Fras-le announcement
CAXIAS DO SUL, Brazil — Expanding its global operations as a reference in auto parts for motion control, Fras-le announced the acquisition of AML Juratek, in the U.K. The investment is about £18.2 million, and the completion of the deal is subject to compliance with previous conditions laid down in the contract. AML Juratek is the controller company of Juratek and BettaParts, which operate in the U.K. and in the European aftermarket, selling braking products such as brake discs, brake pads, calipers and actuators.
“This movement is part of our strategy of expanding the business in the aftermarket sector, inserting the company in mature markets such as the European one, through product diversification and brand expansion in the portfolio”, pointed out Fras-le’s Managing Director Anderson Pontalti.
The company will continue to work in the European market with the Juratek and BettaParts brands, and will receive the reinforcement of the other iconic brands of the company in the global market such as Fras-le and Fremax expanding business possibilities. In 2022, AML Juratek recorded revenues of approximately 25 million pounds.
“With this strategic action we reaffirm our position as one of the largest portfolios of brands for the auto parts aftermarket, expanding the model that has been working in Brazil for new markets; allowing even more growth, important operational synergies and adding value to our business and quality in delivering solutions to our customers” said Sérgio L. Carvalho, President and CEO of Fras-le.
The acquired company will be part of Fras-le’s global structure of operations; currently present with industrial units in Brazil, the United States, China, Argentina, Uruguay and India, as well as distribution, technology and development centers and commercial representations to serve customers in more than 120 countries on five continents. In Europe, the company already operates with a distribution center in the Netherlands and commercial office in Germany.