Fras-le S.A. acquired Freios Controil Ltda., a manufacturer of auto parts, brake components and automotive polymers, in a $6 million deal.
As part of the deal, Fras-le will fully assume the company's debt that is valued at approximately $24 million.
Fras-le will assume control and management of Freios Controil effective Jan. 1, 2012. Both companies are located in Rio Grande do Sul, Brazil.