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BRIEF-Martinrea International Inc Announces Agreement To Purchase Structural Components For Passenger Cars Division Of Metalsa S.A. De C.V.

Published 2019-12-19, 08:52 a/m
© Reuters.  BRIEF-Martinrea International Inc Announces Agreement To Purchase Structural Components For Passenger Cars Division Of Metalsa S.A. De C.V.

Dec 19 (Reuters) - Martinrea International Inc MRE.TO :

* MARTINREA INTERNATIONAL INC. ANNOUNCES AGREEMENT TO PURCHASE STRUCTURAL COMPONENTS FOR PASSENGER CARS DIVISION OF METALSA S.A. DE C.V.

* MARTINREA INTERNATIONAL INC - PURCHASE PRICE FOR TRANSACTION IS EXPECTED TO BE ABOUT USD $19.5 MILLION IN CASH

* MARTINREA INTERNATIONAL INC - ACQUISITION WILL BE ACCRETIVE TO EARNINGS AND OTHER METRICS OVER TIME

* MARTINREA INTERNATIONAL INC - ANTICIPATE HAVING TOTAL SALES IN EXCESS OF $4 BILLION IN 2020

* MARTINREA - WHILE ACQUIRED ASSETS NOT EXPECTED TO GENERATE POSITIVE ADJUSTED OPERATING INCOME IN 2020, DON'T EXPECT IT TO BE NEGATIVE EITHER

* MARTINREA INTERNATIONAL INC - CAPEX FOR MARTINREA IS EXPECTED TO BE GENERALLY FLAT FOR NEXT YEAR COMPARED TO 2019

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