Iochpe-Maxion confirms buy of Hayes for US$ 725 millions

The group Iochpe-Maxion, which started in Rio Grande do Sul by the ex-banker Ivoncy Iochpe’s hands, has just bought for US$ 725 millions the American Hayes Lemmerz (steel and aluminum wheels). The American company’s global business, which has 17 factories around the world and makes US$ 1.6 billion a year, have also been bought.

(Free translation from: http://polibiobraga.blogspot.com/2011/10/iochpe-maxion-confirma-compra-da.html)

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