Mexican Outfit in Deal to Buy ROL's Engine Gasket Division
Manufacturas Diversas S.A. de C.V. has reached an agreement in principal to acquire the manufacturing and distribution assets of the ROL Manufacturing of America engine gasket division in the United States, Canada and Mexico. Court approval is expected in the next 30 days.
Manufacturas Diversas plans to operate the acquired business in the United States and Canada as ROL Tech. The business will be headquartered at the former ROL facility in Orlando, FL. Several key ROL employees in the areas of sales, marketing, product development, engineering and customer service will join the new company.
"We are excited about this deal and the opportunity for growth in the USA and Canada, as well as improving our business in Mexico with the ROL and iSEAL brands, " said Jose Luis Diaz Castillo, CEO of Manufacturas Diversas. "Our first priority is to quickly provide the financial resources necessary to improve fill rate service to our customers and then focus on other operational improvements to build a strong foundation for growth."
Manufacturas Diversas, located in Leon. Mexico, is a supplier to ROL and other major North American gasket companies. Manufacturas Diversas is a leader in the Mexican market, doing business under the brand DC Gaskets.