Proskauer Reps Iochpe-Maxion In $725M Wheels Co. Buy

Law360, New York (October 6, 2011, 6:56 PM EDT) -- Iochpe-Maxion SA subsidiary Iochpe Holdings LLC on Thursday announced an agreement to acquire fellow wheels manufacturer Hayes Lemmerz International Inc. for $725 million in cash.

The Brazilian auto parts and railway manufacturer said customers would benefit significantly from the deal, which would create a combined company with a global footprint of manufacturing locations in 13 countries and a presence in every major automotive region.

“Iochpe-Maxion has a strategic long-term interest in the global automotive and commercial vehicle industries,” Iochpe-Maxion CEO Dan Ioschpe said. “One of our...
To view the full article, register now.