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Stoneridge completes sale of Wiring Business to Motherson Sumi Systems Limited

Friday, 1 Aug 2014 01:42pm EDT 

Stoneridge Inc:Announces sale of its Wiring Business assets to Motherson Sumi Systems Ltd (Motherson) in accordance with the Asset Purchase Agreement dated May 26.Cash proceeds for the transaction were $71.4 million and consisted of the $65.7 million stated purchase price.Included in the transaction are six manufacturing facilities located in Portland, Indiana; Chihuahua, Mexico; Saltillo, Mexico; and Monclova, Mexico. 

Company Quote

-0.01 -0.09%
24 Oct 2014