JOST to acquire Crenlo from Angeles Equity Partners.

JOST, a global manufacturer and supplier of safety-relevant systems for the commercial vehicle industry, agreed to acquire Crenlo, a manufacturer of operator cabs and roll over protective structures, from Angeles Equity Partners, a private equity firm. Financial terms were not disclosed. Crenlo Brazil owns and operates a versatile, best-in-class manufacturing facility in the state of Minas Gerais, which offers promising operating leverage opportunities and will serve as the manufacturing backbone for JOST’s off-highway activities in the Southern hemisphere. The experienced management team, with in-depth know-how and significant expertise in the Brazilian construction and agricultural machinery market, will remain part of the organization after the acquisition, supporting JOST’s strategy to grow into the sizable Brazilian off-highway and agricultural market, accelerating JOST’s profitable growth in the region. Future synergies will result from JOST’s ability to leverage Crenlo Brazil’s engineering and production capabilities to manufacture and market its agricultural front loaders and implements as well as further agricultural products in Brazil.