Tupy acquires Teksid's cast iron business

Tupy S.A., a Brazilian-based supplier of cast iron components, announced it agreed to purchase Fiat Chrysler’s global cast iron automotive components business, which is operated through FCA’s subsidiary Teksid S.p.A. 

The transaction includes Teksid’s facilities in Brazil, Mexico, Poland and Portugal, plus Teksid’s interest in a joint venture in China, Teksid’s engineering office in Italy and the sales office in the U.S.