Hendrickson sells stake in MBHA

Release date: 11/19/2014

For Immediate Release
 

For more information contact:
 
Mark Slingluff
Hendrickson
(330) 489-0050
mslingluff@hendrickson-intl.com
 
Cristina Ruiz
MBHA
Invest Ziur
+34 964 521 050
cristina.ruiz@mbha.com
 
 

Hendrickson sells stake in MBHA

 
ITASCA, Ill. (November 2014) – Following the agreement on the acquisition of the leaf spring and stabilizer segments of the Austrian Frauenthal Group in June 2014, which is expected to close at the end of 2014 / early 2015, Hendrickson has entered into an agreement to sell its 50% stake in Muelles y Ballestas Hispano-Alemanas, S.A. (MBHA) to the other 50% shareholder, InvestZiur, in November 2014. As a result, both Hendrickson and MBHA will be able to pursue a stand-alone strategy.  
 
Following completion of both of the transactions, MBHA will be wholly-owned by its founding shareholders, InvestZiur, and the Frauenthal Group’s leaf spring and stabilizer business will be wholly-owned by Hendrickson.

Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle systems; auxiliary lift axle systems; parabolic and multi-leaf springs; and bumper and trim components to the global commercial transportation industry. Hendrickson, based in Itasca, Ill., USA, continues to meet the needs of the transportation industry after 100 years. Visit the Hendrickson Web site at www.hendrickson-intl.com.