Mexico-based company acquires Sheboygan’s JL French
SHEBOYGAN — A company based in Mexico has acquired Sheboygan’s “JL French.”
French makes automotive castings, and has six factories worldwide, employing about 1,900 people.
The CEO says the transaction provides long-term financial support.
The Mexican company is called “Newak,” with 18,000 employees worldwide.
The deal must be approved by regulators before it becomes official.