- Dana Holding (NYSE:DAN) announces it purchased strategic assets from Brazilian firm SIFCO S.A., including manufacturing capabilities.
- The company says the acquisition will enable Dana to enhance its vertically integrated supply chain.
- "This is an opportune time to invest in strategic and selective assets in Brazil that will further strengthen our position as one of the most trusted, top-tier suppliers to the mobility industry – thus positioning us for future profitable growth throughout the region," notes CEO James Kamsickas.
- Source: Press Release