The transaction, which is mainly components for car and light commercial vehicles, includes the manufacturing operations of two prominent engine parts brands of Moresa and TF Victor, which specialize in pistons and engine gaskets.

Net revenue tipped the BRA 1 billion mark, representing a 16.6% increase on Q3 in 2023.

Known for its supply of brake pads and linings to both the aftermarket and OE markets for more than 30 years, the company plans to ramp up the supply of brake discs and heavy-duty shock absorbers in North America.

In the last five years, Frasle says revenues associated with the sale of Controil extruded hoses, injected ducts and rubber components, such as bumpers, cushions and sealing items, have tripled.

Fras-le is a leader in friction materials and is a brand of the company, Frasle Mobility. It makes a complete portfolio of brake pads, linings and shoes for cars, motorcycles, heavy vehicles, among other applications, such as railway and industrial, serving OEMs and the aftermarket.

Investment is for initiatives in two primary locations: The Randon branded semi-trailer and railway wagon assembly plant in Caxias do Sul and the Motion Control manufacturing facility, also in Caxais do Sul, which operates under the Frasle Mobility brand name.

The NIONE additive contains nanoparticles of niobium pentoxide, which act to improve paint protection performance, increase corrosion resistance and protection against chemical attack.

Frasle Mobility is the name of a new business unit of Fras-le S.A. involved in development and manufacture of new composite materials for the transport industry.

Juratek is an aftermarket supplier and maker of brake components - such as discs, brake pads, callipers, and actuators - for buses, trailers and trucks, under the brand names of Juratek and BettaParts.

The purpose of the new structure is to centralize operations and improve processes for approximately 350 customers served in the country.

Gross profit reached BRA150.6m (USD28m), 80% higher than the third quarter of 2019, while EBITDA totalled BRA94.2m (USD18m), an increase of 118%. It was the best quarter of the last ten years for the company, Fras-le announced.