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Tower Signs a Memorandum of Understanding to Sell its European Operations at an Accretive Value

Nov 20, 2018 - PR Newswire

PR Newswire

Tower International, Inc. (NYSE: TOWR), a leading global manufacturer of engineered automotive structural metal components and assemblies, today announced it has signed a Memorandum of Understanding relating to the sale of all of its European Operations to Financière SNOP Dunois S.A."FSD", a privately owned French automotive supplier.

Tower's European Operations include manufacturing facilities in Belgium, Czech Republic, Germany, Italy, Poland and Slovakia and offices i...