Within its business plan for expansion, Fras-le signed an agreement on October 05th an agreement to buy all the shares of the company Jofund S.A, holder of the FREMAX brand. Following the acquisition procedures and after meeting all preceding conditions, Fras-le will add 2,500 part numbers to its already-diversiﬁed portfolio, thus ensuring its leading position in the friction material market in Brazil and strengthening its product portfolio for global supply.
FREMAX has global operations and offces in Brazil, the Netherlands, and Argentina, and a portfolio of over 100,000 applications. FREMAX is recognized for the production and marketing of brake discs and drums, as well as brake pads and wheel hubs. They are a traditional manufacturer of light brake disks and drums for Aftermarket and OEM companies. A relevant portion of its revenues goes to the foreign market. Based in Joinville, Santa Catarina State, it has 580 employees and its revenues in 2017 amounted to R$ 188 million.
"This acquisition provides us with favorable conditions to move forward on our path of growth,” says Sérgio L. de Carvalho, CEO of Fras-le, noting that "the synergy between the business of brake discs and pads is signiﬁcant, which will allow us to expand the supply of products and better serve the market needs.”
In 2017, Fras-le had one of the greatest periods of expansion, reinforcing its place in the international market. It was a period of important acquisitions and associations involving three companies in Argentina and Uruguay. In India, ASK Fras-le Friction was created to supply the markets of India, Bangladesh, Nepal and Sri Lanka. It has also doubled the industrial unit of China and opened a sales oﬃce and a warehouse in Colombia. At the same time, Fras-le took over control of Jurid do Brasil, In Sorocaba (SP), which is focused on the manufacturing and distribution of Premium brake products for light vehicles.