Mexico's Alfa acquires six TK Aluminum plants for $414 million

Mexico City (Platts)--15Mar2007 Monterrey-based industrial group Alfa announced Thursday that its Nemak autoparts subsidiary completed the $414 million acquisition of six TK Aluminum plants. The plants are located in Brazil, Argentina, the US and Mexico, Alfa added.
 
Dionisio Garza Medina, chairman and chief executive of Alfa, said the acquisition represented "a step forward in strengthening Nemak's leadership position in the industry. Nemak will now broaden its client base while widening its geographical presence." Garza added: "We will add HPDC monoblocks to our strong current portfolio of leading technologies."