Cequent Performance Products Acquires DHF Automotive In Brazil
Cequent Performance Products has expanded its presence in the Western hemisphere through the acquisition of DHF Automotive Solutions, a leading Brazilian aftermarket supplier. The company has manufactured and distributed automotive hitching and accessory products for more than 15 years. "We have great expectations of this business, our second investment in Brazil. The Brazilian market and DHF fit well into our strategy for growth in the automotive segment," says Paul Caruso, senior vice president of international and strategic development. “By adding this international resource, we are perfectly positioned to respond quickly to customer and market expectations.” CPP’s first Brazilian acquisition, a company called Engetran, was purchased in 2012. Both DHF and Engetran are located in Itaquaquecetuba, Brazil, which is adjacent to São Paulo.