Master Sistemas Automotivos Ltda., controlled by Empresas Randon, announced on Tuesday (12) the acquisition of Ferrari Indústria Metalúrgica Ltda., from Flores da Cunha, state of Rio Grande do Sul. The business will become official after the agreement for purchase of all shares of the company is executed. Once all conditions precedent are fulfilled, the operation will be completed during the first quarter of 2020.
By incorporating the company, Master will become more competitive in its industry and add die cast aluminum products to its portfolio of products; They will not only be used to supply Master’s own steady demand, but also to support the growth of exports and of the capacity to fulfill the needs of clients from both companies.
“With this acquisition, we are integrating the production chain and supporting Master’s growth strategy. This also allows us to reach the international market”, assesses Sergio Carvalho, COO for the Auto Parts Department of Empresas Randon. The operation is part of a continuous development cycle for Empresas Randon, which growths from solid bases reaching back 70 years of attention to robust and diversified businesses that include committed and serious partnerships.
Ferrari Indústria Metalúrgica - Established on January 19, 1987, in Caxias do Sul, in the state of Rio Grande do Sul, Ferrari Indústria Metalúrgica started its business as a gravity caster company. In 1997, the company took an important step when it opened its new die casting line, specializing in pressure casting. In 2009, it opened its new facilities at Flores da Cunha, where it keeps a state-of-the-art factory. The company employs 35 people and serves a variety of relevant clients.
Master Sistemas Automotivos - The largest manufacturer of brake systems for trucks, buses, trailers, and semis in South America, Master was established on April 24, 1986, via a joint-venture between Randon S.A. Implementos e Participações and Meritor (USA). With a strong presence in the spare parts industry, it exports to Latin America, the United States, and Canada. Master offers a complete platform of air and hydraulic brakes solutions to meet the demands of national and international clients.
About Empresas Randon
With our 70-year history, Empresas Randon are a global reference in transportation solutions, working in the trailer and semi-trailer, off-road vehicles, auto parts and financial services industries. With its companies Randon Implementos, Randon Veículos, Fras-le, Jost, Master, Suspensys, Suspensys WE/Castertech, Randon Consórcios, Banco Randon, and its respective controlled companies, the group has become a leader in several industries, relying on investments in technology, research, and development. Furthermore, it works in innovation via the Hercílio Randon Institute, and in social change via the Elisabetha Randon Institute. The group adopts B3 Level 1 Corporate Governance. It is among the largest private companies in Brazil. From its headquarters in Caxias do Sul (State of Rio Grande do Sul) and its business units around the world, it exports to over 100 countries in all continents.
Foto: Jefferson Bernardes