Hayes Lemmerz Brake Components Division has been acquired by Brembo SpA
THE TRANSACTION
Brembo completed the acquisition of Brake in November 2007. The transaction strengthens Brembo’s presence in the North American market and provides Brembo a manufacturing base to supply its North American operations.
Our Client
HAYES LEMMERZ INTERNATIONAL, INC.
Hayes Lemmerz International Inc. ("Hayes") is a leading global supplier of automotive and commercial highway wheels and powertrain components. Hayes has 24 facilities and over 7,000 employees worldwide. Hayes was founded in 1908 and is headquartered in Northville, Michigan.
Hayes' Brake Components Division (“Brake”) is a leader in the precision machining of rotors and drums used in foundation braking systems for the North American automotive market. Brake includes facilities in Homer, Michigan and Apodaca, Mexico, employing approximately 250 people, including 64 technical associates.
Transaction Partner
BREMBO SpA
Brembo SpA ("Brembo") engages in the analysis, design, development, application, production, assembly, and marketing of braking systems and light alloy castings for various sectors, including the automobile and motorcycle industries. Brembo currently operates in 12 countries, with 23 production and business locations and employs approximately 4,700 associates. Brembo was founded in 1961 and is headquartered in Curno, Italy. For the year ended June 30, 2007 Brembo generated Revenue and EBITDA of approximately $1.2 billion and $160 million.
CONTACT
Automotive & Truck
RECENT DPP TRANSACTIONS
