Tupy to acquire Teksid from FCA for €210m.

Tupy, a Brazilian multinational company, agreed to acquire Teksid, an Italian company based in Carmagnola which specialises in the production of iron and castings for the automotive industry, from Fiat Chrysler Automobiles for €210m. "Tupy has always been a strategic supplier in the cast iron structural components industry. Together, Teksid and Tupy will continue to develop new technologies to support the continued success of our products. The proposed transaction represents another important step in the implementation of FCA's business plan," Scott Garberding, FCA Global Chief Manufacturing Officer.