Mexico’s Nemak Acquisition Of J.L. French

Sheboygan automotive castings supplier J.L. French Automotive Castings Inc. said Thursday that it has agreed to be acquired by Tenedora Nemak SA, a Mexico-based supplier in the aluminium automotive components business, for an undisclosed price.

J.L. French, which has six factories throughout the world and employs more than 1,900 employees, said the deal is subject to customary closing conditions and regulatory approvals. Nemak, founded in 1979 and based in Monterrey, Mexico, has a focus on engine blocks and cylinder heads.

Nemak operates facilities located in Asia, Europe and North and South America, and employs nearly 18,000 employees worldwide.

Deloitte Mexico, through its Transaction services line, assisted Nemak in the financial due diligence review. The Deloitte Mexico team efforts where led by Partner Raúl de la Cruz and Manager Markus Bakker.