Local Supplier Segment To Benefit From International AcquisitionsApril 2012 | Corporate Financing Analysis
Tenedora Nemak, parts supplier and subsidiary of Mexican conglomerate Alfa, is to acquireUS-based J L French Automotive Castings, in a move that reflects one of CFW's long-standing views about emerging market companies's growing international profiles. The acquisition highlights an increasing trend among Mexican suppliers to internationalise operations by acquiring businesses of leading international names in the supplier segment. For Mexican suppliers in general, we believe international acquisitions could go a long way towards helping local suppliers improve their product quality, production technology and meet standards demanded by international original equipment manufacturers (OEMs).
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