Desc, CIE Automotive Buy Autoparts Maker Nugar

Mexican conglomerate Desc has concluded the acquisition of autoparts manufacturer Nugar, the company informed the Mexican Stock Exchange on Tuesday. Desc, in partnership with Spain’s CIE Automotive, paid $75 million for 100% of the capital of the company. Nugar supplies part to Volkswagen, Ford, DaimlerChrysler and General Motors.