Valeo plans to sell Access Mechanisms Business to U-Shin  [ France ]

Valeo S.A. announced that it is in negotiations to sell its Access Mechanisms Business to Japan-based U-Shin. The Access Mechanisms Business comprises products such as the locksets, steering column locks, handles and latches. Broadly present in Europe and South America, the business generated 620 million euros in revenue in 2011. It operates 12 plants and has 4,500 employees. The proposed dives...
<Jun 25, 2012>