Dana Holdings (DAN) to Acquire SIFCO's Driveline Production Assets in Brazil
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Dana to Purchase Strategic Driveline Production Assets of SIFCO S.A. in Brazil
October 12, 2016 8:00 AM EDTMAUMEE, Ohio, Oct. 12, 2016 /PRNewswire/ -- Dana Incorporated (NYSE: DAN) today announced a definitive agreement to purchase strategic assets of SIFCO S.A., a leading producer of forged and machined components located in Brazil.
Under the terms of the proposed purchase, Dana would acquire manufacturing and other assets of SIFCO. This acquisition will enable Dana to enhance its vertically integrated supply chain, which will further improve the company's cost structure and customer satisfaction by leveraging SIFCO's extensive... More
