FRAS-LE S.A. ACQUIRES FREIOS CONTROIL IN BRAZIL
Acquisition increases and diversifies company's portfolio of components for brakes; obtains solutions for automotive polymersNorthville, Mich. – December 14, 2011 –– Fras-le S.A. recently acquired Freios Controil Ltda , a manufacturer of auto parts, brake components and automotive polymers. The value of the deal is set at US $6 million, subject to adjustments. In addition, Fras-le will fully assume the company's debt that is valued at approximately US $24 million. Fras-