Pricol has completed the acquisition of the Melling Do Brazil Componentes Automotivos, Sao Paulo, Brazil. The acquisition cost is Brazilian One Reais (B$ 1) only.
The company had earlier on December, received an approval to acquire 99.99% of stake in a Brazil based auto component manufacturing company through its wholly owned subsidiary incorporated in Spain ‘Pricol Espana Sociedad’.
Pricol is engaged in the manufacture and export of a complete range of automotive components starting from instrument clusters, dashboard meters, fuel sensors, oil pressure switches, speedometer drive cables, fuel cut off valve, filter suction, etc.