Fras le : COMMUNICATION TO THE MARKET - CLOSING OF ASSOCIATION AGREE…
January 25, 2018 at 04:14 pm
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Fras-le S.A., following up on the information disclosed in the Communication to the Market dated December 5, 2017, hereby informs its shareholders and the market in general that the conditions precedent to the Closing of the Association Agreement ('JV') with ASK Automotive Private Limited ('ASK') have been complied with, and that on this date, all deal closing documents have been signed, including those necessary for the members to contribute to ASK Fras-le Friction Private Limited ('ASK Fras-le'), allowing for production and operating activities to commence at that unit.
Fras-le SA published this content on 25 January 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2018 16:14:05 UTC.
Original documenthttp://ir.fras-le.com.br/enu/1125/c-1125-enu.html
Public permalinkhttp://www.publicnow.com/view/D03631602E7E1EE87E52B63748075D79444B9984
Fras Le SA is a Brazil-based company principally engaged in the manufacture of friction materials. The Company focuses on the design, production, commercialization, export and import of friction materials for motor vehicle brake systems. The Company's product line includes clutch facings, brake linings, brake shoes and brake pads for trucks, buses, cars, tractors, subways, lifts and aircrafts, among others. The Company's brand portfolio includes Fras-le and Lonaflex. Its activities are divided into two business segments: Automakers, which offers products for the automotive market, and Replacement, which provides friction materials for the spare parts market. The Company operates through a number of subsidiaries in the Americas, Europe, Asia and South Africa. The Company is controlled by Randon SA Implementos e Participacoes.
FRAS-LE S.A. 
