Fiat Chrysler Automobiles (FCAU) Reports Agreement to Sell Teksid Cast Iron Components Business to Tupy SA

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Go back to Fiat Chrysler Automobiles (FCAU) Reports Agreement to Sell Teksid Cast Iron Components Business to Tupy SA

FCA Reaches Agreement to Sell Teksid Cast Iron Components Business to Tupy

December 20, 2019 1:45 AM EST

FCA Reaches Agreement to Sell Teksid Cast Iron Components Business to Tupy

Fiat Chrysler Automobiles N.V. (MTA: FCA / NYSE: FCAU, FCA) today announced that it has entered into an agreement with Tupy S.A. for the sale of FCAs global cast iron automotive components business, which is operated through FCAs subsidiary Teksid S.p.A. (Teksid).

Tupy is a leading player in the cast iron industry specializing in developing and manufacturing highly-engineered structural cast iron components for several applications in capital goods serving different industries.

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