J.L. French CEO: Ownership change will have positive impact on Sheboygan operation
The CEO of Sheboygan-based J.L. French Automotive Castings, Inc., said Friday that the pending sale of the company to a Mexican automotive components supplier should bring long-term stability and growth to the company’s Sheboygan operations. The sale to Tenedora Nemak S.A. de C. V., a subsidiary of ALFA S.A.B. de C.V., was announced Thursday and is expected to close by mid-August, pending regulatory approval. Terms of the deal were not disclosed.