The Boler Co and Hendrickson have increased their equity position in an existing joint venture, Muelles y Ballestas Hispano-Alemanas SA (MBHA), in Valencia, Spain.
“The MBHA joint venture has been a successful partnership with Investzuir SL of Spain, and the company has become an important part of Hendrickson's global spring business. This includes facilities in Canada, Mexico, Spain, and Portugal, as well as an alliance in Brazil,” said Keith D Stephenson, chief development officer for Boler and president of international operations for Hendrickson.
A leading European producer of steel springs for commercial vehicle applications, MBHA also operates a technical and engineering center, laboratory, and testing facilities.