M&A Deal Summary

MAGNA Acquires Resil Minas Indústria e Comércio

On November 5, 2010, MAGNA acquired automotive company Resil Minas Indústria e Comércio

Acquisition Highlights
  • This is MAGNA’s 5th transaction in the Automotive sector.
  • This is MAGNA’s 1st transaction in Brazil.

M&A Deal Summary

Date 2010-11-05
Target Resil Minas Indústria e Comércio
Sector Automotive
Buyer(s) MAGNA
Deal Type Add-on Acquisition

Target

Resil Minas Indústria e Comércio

Sao Joaquim de Bicas, Brazil
Resil Minas Indústria e Comércio Ltda. is the largest supplier of seat frames and stampings in South America. Automotive customers include Fiat, Ford, General Motors, Volkswagen, IVECO and PSA.

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Buyer(S) 1

Buyer

MAGNA

Aurora, Ontario, Canada

Category Company
Founded 1957
Sector Automotive
Employees164,000
Revenue 42.8B USD (2024)
DESCRIPTION
MAGNA's headquarters in Aurora, Ontario.
MAGNA's headquarters in Aurora, Ontario.

MAGNA is a diversified automotive supplier. Magna designs, develops and manufactures automotive systems, assemblies, modules and components, as well as engineers and assembles complete vehicles, primarily for sale to original equipment manufacturers (OEMs) of cars and light trucks. Magna was formed in 1957 and is based in Aurora, Ontario. MAGNA was founded in 1957 and is based in Aurora, Ontario.


DEAL STATS #
Overall 5 of 22
Sector: Automotive M&A 5 of 16
Type: Add-on Acquisition M&A Deals 3 of 15
Country: Brazil M&A 1 of 1
Year: 2010 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-25 Karmann Japan Co.

Yokohama, Japan

Karmann Japan Co. Ltd. is a manufacturer of convertible roofs for vehicles. The company was founded in 2006 and is based in Yokohama, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-12 Pabsa S.A.

Cordoba, Argentina

Pabsa S.A. is an automotive seat supplier. Company is a vertically integrated supplier of complete seats, foam products, trim covers and seat structures.

Buy -