Thursday, January 21

Fras-le Expansion is Strengthened With the Acquisition of FREMAX

Within its business plan for expansion, Fras-le – one of the largest global manufacturers of friction material – has signed on this date an agreement to buy all the shares of the company Jofund S.A, holder of the FREMAX brand. Following the acquisition procedures and after meeting all preceding conditions, Fras-le will add 2,500 part numbers to its already-diversified portfolio, thus ensuring its leading position in the friction material market in Brazil and strengthening its product portfolio for global supply. The completion of the transaction is subject to the prior approval by competition agencies and to the prior approval of Fras-le`s shareholders at the Extraordinary General Meeting to be scheduled.

Well-known in the Americas and Europe, FREMAX is a traditional manufacturer of light brake disks and drums for the Aftermarket and OEM companies. A relevant portion of its revenues goes to the foreign market. Based in Joinville, Santa Catarina State, the company has warehouses in Argentina and Europe, has 580 employees and its revenues in 2017 amounted to R$ 188 million.

“This acquisition provides us with favorable conditions to move forward on our path of growth”, says Sérgio L. de Carvalho, CEO of Fras-le, noting that “the synergy between the business of brakes discs and pads is significant, which will allow us to expand the supply of products and better serve the market needs”.

In 2017, Fras-le had one of the greatest periods of expansion, notably in the international market: it was a period of important acquisitions and associations involving three companies in Argentina and Uruguay. In India, ASK Fras-le Friction was created to supply the markets of India, Bangladesh, Nepal and Sri Lanka. It has also doubled the industrial unit of China and opened a sales office and a warehouse in Colombia. At the same time, Fras-le took over the control of Jurid do Brasil, In Sorocaba (SP), which is focused on the manufacturing and distribution of Premium brake products for light vehicles.

FRAS-LE S.A.– With plants in Brazil, United States, China, Argentina, Uruguay and India, warehouses in Argentina, Germany, United States and Colombia, and commercial operations in Chile, Mexico, United Arab Emirates and South Africa, Fras-le has production capacity and commercial structure capable of meeting international demands quickly and efficiently. Altogether, Fras-le produces more than 14,000 part numbers in products of  different brands, including brake pads and linings for heavy vehicle brakes, brake pads, brake linings and brake shoes for light vehicles, clutch facings, brake pads and brake shoes for motorcycles, brake pads for aircraft,  brake pads and linings for trains and subways, molded and woven linings, universal sheets, brake disc and drums, products for the segment of hydraulic brakes such as mater cylinders wheel and clutches, repair kits, brake and radiator fluids, filters, and others. In addition to Brazil, Fras-le currently sells its products to over 126 countries.

FREMAX Profile– With global operations and offices in Brazil, the Netherlands, and Argentina, and a portfolio of over 2,500 part numbers for over 100,000 applications, FREMAX is recognized for the production and marketing of brake discs and drums, brake pads and wheel hubs.  Flexible and efficient in its production structure, Fremax has the international certifications required to meet markets demands in OEMs and Aftermarket.  Recognized worldwide for the quality of its products, it has been approved as premium in terms of safety, durability, performance and finishing in all details. All these attributes make FREMAX the official supplier and the safe choice to ensure safety in the main categories of South-American Motorsports.

Source: Fras-le

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