AURORA, Ontario (Nov. 13)—Decoma International Inc. and Magna International Inc. finalized an agreement under which Decoma will purchase Magna´s European exterior parts operations in Germany, England and Belgium and Magna´s majority equity interest in Decoma Exterior Trim Inc. for $194.5 million. The two businesses which include some body sealing production posted combined revenues of nearly $778 million for the year ended July 31. The purchases, announced Nov. 6, solidify Decoma´s position as a global supplier of a broad range of exterior automotive parts and components to the original equipment market, the companies said.
Decoma finalizes agreement to buy Magna´s exterior parts units
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