Stoneridge completes sale of wiring business to Motherson Sumi Systems  [ USA ]

Stoneridge, Inc. announced that it has completed the previously announced sale of its Wiring Business assets to Motherson Sumi Systems Ltd. for a price of USD 65.7 million. Included in the transaction are six manufacturing facilities located in Portland, Indiana, USA; Chihuahua, Mexico; Saltillo, Mexico; and Monclova, Mexico; as well as an engineering and administrative center located in Warren...