Grupo Saltillo purchased an auto part company
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Grupo Industrial Saltillo (GIS) recently completed the acquisition of Grupo Infun, a company dedicated to design and make pieces for the automotive industry, a transaction worth US$295.5 million, plus the absorption of a maximum net debt amount of USS$42.2 million. Grupo Infun is contributing talent, experience and know-how to boost GIS's capacities; it has iron smelting operations in Spain, Italy and China, and iron machining operations in Spain and China. With this, the integration of Grupo Infun diversifies and complements the talent of this firm, its product portfolio, geographical presence and strong customer base, while generating synergy in engineering and designing to accelerate the expansion of GIS's auto parts sector.