Tupy increases its coverage in Brazil and Europe
October 1, 2021
Company undertakes Teksid’s iron casting operations in Brazil and Portugal
Tupy S.A. (“Tupy”), a Brazilian multinational company dedicated todesigning and manufacturing of structural components, this Friday (10/01), begins the integration process of the cast iron structural component manufacturing plants of Teksid SpA (“Teksid”), a wholly-owned subsidiary of Stellantis, in Betim (MG), and in Portugal. The agreement was announced on July 1st.
“This acquisition is part of our global growth strategy, which aims to expand our offering of high value-added products and services focused on capital goods. This first stage is essential to connect people and begin an exchange and learning stage. Teksid is composed of highly qualified professionals, who will contribute significantly with technical knowledge and experience, essential for us to succeed in our industry,” emphasizes Fernando Cestari de Rizzo, Tupy’s CEO.
The Enterprise Value is €67.5 million.
A Brazilian multinational company that designs and manufactures cast iron structural components with highly complex geometry and metallurgy. These engineering solutions are applied to the transportation, infrastructure, agribusiness and energy generation sectors, contributing to the quality of life of people, promoting access to health, basic sanitation, drinking water, and the production and distribution of food worldwide. The technological innovation involved in the design and manufacture of these parts has been the Company’s specialty throughout its more than 80 years of operations. The production is concentrated in the Brazilian factories located in Betim (MG), Joinville (SC) and Mauá (SP), and abroad, in the cities of Saltillo and Ramos Arizpe, in Mexico, and Aveiro, in Portugal. In addition, it holds corporate offices in São Paulo, USA, Italy, and Germany.