Hendrickson Exits Spanish Joint venture

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Trailer/Body Builders / November 19, 2014

Following the agreement on the acquisition of the leaf spring and stabilizer segments of the Austria’s Frauenthal Group in June 2014, a deal expected to close at the end of 2014 or early 2015, Hendrickson has entered into an agreement to sell its 50% stake in Muelles y Ballestas Hispano-Alemanas, S.A. (MBHA) to the other 50% shareholder, InvestZiur, in November 2014.

As a result, both Hendrickson and MBHA will be able to independently pursue their own business strategies.

When these transactions are complete, MBHA will be wholly-owned by its founding shareholders, InvestZiur, and the Frauenthal Group’s leaf spring and stabilizer business will be wholly-owned by Hendrickson.

Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle systems; auxiliary lift axle systems; parabolic and multi-leaf springs; and bumper and trim components to the global commercial transportation industry. Hendrickson, is based in Itasca, Illinois. www.hendrickson-intl.com.

FYI: The MBHA-Hendrickson joint venture in Valencia, Spain has for years quietly designed and produced most of the suspensions for the European truckmakers. A rarity, an American truck component supplier doing robust business in Europe, Hendrickson designs and manufactures unique proprietary designs for each European truckmaker. Hendrickson’s advanced metallurgy research allows the company, for example, to supply strong but lightweight mono-leaf steer axle springs to Mercedes-Benz and others.