Hayes Lemmerz Announces Definitive Agreement to Sell Automotive Brake Components Businesses
NORTHVILLE, Mich., Nov. 9, 2007 -- Hayes Lemmerz International, Inc. today announced that it has entered into a definitive agreement for the sale of its automotive brake component facilities located in Homer, Michigan and Apodaca, Mexico for approximately $58 million in cash. The sale is expected to be completed on November 9, 2007.
Hayes Lemmerz International, Inc. is a leading global supplier of automotive and commercial highway wheels and other automotive components.
FCMN Contact: mdiamond@hayes-lemmerz.com