Source: Randon Companies announcement
CAXIAS DO SUL, BRAZIL — Randon Companies has announced the expansion of Trailers Vertical into a new market, the United States. Through Randon Implementos, the company seeks to enhance its internationalization strategy, investing in new businesses in the U.S., the largest semi-trailer market in the western world.
As part of this movement, the company signed a purchase-intention agreement with North American semi-trailer manufacturer Hercules. This represents an investment of $40 million and 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”, said the superintendent director of the Trailers Vertical of Randon Companies, Sandro Trentin.
Randon Companies already operates in the U.S. market, with business units from other verticals such as Fras-le and Auttom, through manufacturing facilities and commercial offices, respectively, to meet local demands. It also exports auto parts from Brazil (Master brakes systems and Fras-le’s products).
“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,” said Sérgio L. Carvalho, CEO of Randon Companies.
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.
About Randon Companies
With more than 70 years of history, Randon Companies have achieved global presence and leadership in the semi-trailers, railcars, auto parts and services sectors. The organization is headquartered in Caxias do Sul (RS), Brazil, has 30 industrial units and is present in more than 120 countries, always prioritizing proximity and trust with its audiences, valuing people and sustainable profit.