Randon buys business at judicial auction for R$87 million

A Randon reported on Friday that its subsidiary Castertech won in a judicial auction UPI Menfund, located in Schroeder (SC), which belonged to Menegotti, which is under judicial reorganization.

According to a relevant fact, UPI Menfund is composed of assets, technologies, inventory, customer portfolio and know-how, and will not have a succession of debts and contingencies and will be purchased for 87 million reais.

“With this acquisition, the company aims to increase the installed capacity of castings and machined products, expanding its operations in this market, which is growing rapidly, driven by the automotive and agribusiness sectors,” said Randon.

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