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Rassini

Full company profile

uuid000fpud

Namestring
Rassini
Legal namestring
Rassini, S.A.P.I. de C.V.
Websiteurl
rassini.com
Company typeenum
Private
Founded yearint
1979
Descriptiontext

Rassini is a tier-1 automotive component supplier that designs and manufactures suspension and brake parts for global vehicle manufacturers. The company operates two core divisions — Suspensions (hybrid, parabolic, and multi-leaf springs plus anti-vibration products) and Brakes (ventilated, perforated, solid, and slotted brake discs produced through vertically integrated operations) — and claims the position of largest producer of light vehicle suspension components globally and largest vertically integrated disc brake maker in the Americas. Manufacturing runs across 7 plants in Mexico, Brazil, and the United States supported by 6 technology centers, with the corporate parent domiciled in Mexico as Rassini, S.A.P.I. de C.V. and a Brazilian joint venture with NHK (Rassini NHK Automotive).

The business model is OEM-driven: long-term supply contracts with major global vehicle manufacturers (explicitly including General Motors and Volvo) generate the majority of revenue, supplemented by an aftermarket catalog channel that sells OE-identical replacement components. Products are manufactured under IATF 16949 quality certification, with additional ISO 14001, ISO 45001, C-TPAT, OEA, and Clean Industry credentials. Production is anchored in Mexico and Brazil for cost competitiveness, while U.S. operations in Plymouth, Michigan and Flint, Michigan serve the North American OEM base. The company also maintains a JV in Brazil with NHK for automotive components.

Rassini employs more than 6,500 people globally and supplies components into more than 6 million vehicles per year. The technology stack combines vertically integrated metalforming and machining with Industry 4.0 automation (robotics, AI, real-time production monitoring) and dedicated R&D focused on lightweighting, noise reduction, and energy efficiency. Distribution is primarily direct to OEM assembly lines via enterprise sales, with a separate catalog channel for aftermarket replacement parts. The company is privately held by its founding stakeholders with no disclosed external parent, private equity sponsor, or public listing.

Short descriptiontext

Rassini is a tier-1 automotive supplier that designs and manufactures suspension springs and brake discs for major global vehicle manufacturers, operating 7 plants across Mexico, Brazil, and the United States with 6,500+ employees and supplying 6+ million vehicles annually.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersPlymouth, United States
HQ citystring
Plymouth
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices9 records

Each record includes

City, Country, Type, Description, Source

Keyword5 values
automotive suspension components, brake disc manufacturing, OEM automotive parts, leaf spring manufacturing, automotive components supplier
Industry2 codes
1Suspension Systems & Components (Springs/Shocks/Struts/Air Suspension)
CodeIMACAIAAPrimaryYes
2Hydraulic Brake Systems (Master Cylinders/Calipers/Lines/Boosters)
CodeIMACAIADPrimaryNo
NAICS code2 codes
  • Motor Vehicle Brake System Manufacturing336340
  • Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing33633
SIC code1 code
  • Wholesale-Motor Vehicle Supplies & New Parts5013
Product category
Automotive Components Manufacturing
Social media profiles1 record
GTM motion2 records

Each record includes

Type, Description, Source

Revenue model2 records
1Automotive OEM Components
TypeHardware Sales
Description

Original equipment manufacturing of suspension and brake components for automotive OEMs. Revenue generated through long-term supply contracts with major vehicle manufacturers.

rassini.com
2Aftermarket Components
TypeHardware Sales
Description

Aftermarket sales through extensive catalog covering needs of all customers. Products identical in materials, specifications, and quality controls to OE products.

rassini.com
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Distribution channels2 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure
GTM typeB2B
B2B
Offering typeHardware or Manufacturing
Hardware or Manufacturing
Brand1 of 2 records shown
1Bypasa
Description

Elastomers and bushings product line

+1 more record
Core offering1 text field

Rassini designs and manufactures suspension and brake components for the global automotive industry. The company operates through two core divisions—Suspensions (hybrid, parabolic, and multi-leaf springs, plus anti-vibration products) and Brakes (ventilated, perforated, solid, and slotted brake discs)—supplied as original equipment to major global vehicle manufacturers through 7 manufacturing sites in Mexico, Brazil, and the USA. An aftermarket catalog channel also distributes OE-quality replacement parts to direct customers.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 of 3 values shown
  • Supplying 6+ million vehicles annually
+2 more records
Product overview1 text field

Rassini is a global automotive parts manufacturer specializing in the innovative design and manufacture of suspension and brake components. The company operates a platform-plus-products architecture with two core business divisions: Suspensions and Brakes. The Suspensions division produces springs (hybrid, parabolic, multi-leaf) and anti-vibration products, while the Brakes division manufactures disc brakes, rotors, and assemblies through vertically integrated operations. An Aftermarket service provides original equipment quality products directly to customers through an extensive catalog. The company supplies over 6 million vehicles annually through 7 manufacturing sites and 6 technology centers.

Product and service3 records
1Suspensions (Suspensiones)
CategorySuspension Components
2Brakes (Frenos)
CategoryBrake Components
3Aftermarket Components
CategoryAftermarket Automotive Parts
Scale indicator9 records

Each record includes

Type, Value, Description, Source

Partnership5 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2013-01-01
Description

Rassini has been a signatory to the UN Global Compact since 2013, adhering to its Ten Principles covering human rights, labor standards, environmental responsibility, and anti-corruption.

2Various Academic Institutions
Strategic tierSupportingTypeStrategic or Co-development Partner
Description

Rassini maintains research agreements with universities and academic institutions for the development of specialists and innovation. Multiple academic alliance logos are displayed on the sustainability page.

rassini.com
Strategic tierSupportingTypeOthers
Description

Rassini is affiliated with national and international automotive industry associations for industry representation, standards development, and collaborative initiatives.

Strategic tierRegulatoryTypeOthers
Description

Rassini holds the Clean Industry Certificate (Certificado de Industria Limpia) issued by Mexico's Ministry of Environment and Natural Resources.

Strategic tierCoreTypeOthers
Description

Rassini has been recognized as a Socially Responsible Enterprise (ESR) by CEMEFI for over a decade.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeBroad incumbent
Description

Global tier-1 automotive supplier with a large chassis & safety portfolio (brake systems, suspension components, ADAS). Directly comparable to Rassini as a chassis/ brake tier-1 to major OEMs, but with a much broader product breadth including electronics, tires, and powertrain.

TypeBroad incumbent
Description

Major tier-1 supplier with chassis technology including suspension systems, brakes, and steering assemblies. Comparable to Rassini's chassis/suspension/brake focus but with a much wider portfolio (transmissions, driveline, electronics, ADAS).

TypeDirect peer
Description

Specialist brake disc and caliper manufacturer serving global automotive OEMs. Closely comparable to Rassini's brake disc division (vertical integration, ICE focus) and shares the OEM tier-1 hardware model, albeit with a more premium-branded positioning.

TypeDirect peer
Description

Now operating under DRiV/Apollo following the Powertrain divestiture, Tenneco's ride performance (Monroe, Öhlins) and braking businesses make it a direct comparable to Rassini in chassis/dampening and brake friction components.

TypeDirect peer
Description

Japanese manufacturer of automotive shock absorbers, struts, and hydraulic brake systems for OEMs. Directly overlaps with Rassini's suspension and brake product lines on a tier-1 basis, with a similar customer-OEM focus.

TypeDirect peer
Description

Korean tier-1 supplier of brake and steering/suspension systems (calipers, master cylinders, modules) for global OEMs. Comparable to Rassini's brake disc and suspension offerings with similar direct-OEM supply model.

TypeDirect peer
Description

Japanese specialist in automotive friction brake systems (calipers, disc pads) for OEMs and aftermarket. Comparable to Rassini's brakes division in terms of OEM tier-1 supply and friction-brake product focus.

TypeDirect peer
Description

Chassis and brake systems supplier serving global OEMs with calipers, brake corners, and suspension modules. Direct comparable to Rassini's combined chassis/brake offering on a tier-1 basis.

TypeBroad incumbent
Description

Tier-1 Japanese automotive supplier (formed from Hitachi Automotive and Honda's stake in Showa/Denso affiliates) producing suspension, brake, and steering systems globally. Comparable to Rassini's chassis components but with a much broader portfolio.

TypeEmerging player
Description

Italian automotive components maker focused on filtration, suspension, and air-intake systems for OEMs and aftermarket. Overlaps with Rassini's suspension business on a smaller scale; comparable tier-1 hardware supplier model.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers3 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature3 records

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Subsidiaries7 records

Each record includes

Name, Acquired on, Relationship type, Type, Business focus

Compliance13 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Rassini

Automotive Components Manufacturingrassini.com

Rassini is a tier-1 automotive supplier that designs and manufactures suspension springs and brake discs for major global vehicle manufacturers, operating 7 plants across Mexico, Brazil, and the United States with 6,500+ employees and supplying 6+ million vehicles annually.

What Rassini does

Rassini is a tier-1 automotive component supplier that designs and manufactures suspension and brake parts for global vehicle manufacturers. The company operates two core divisions — Suspensions (hybrid, parabolic, and multi-leaf springs plus anti-vibration products) and Brakes (ventilated, perforated, solid, and slotted brake discs produced through vertically integrated operations) — and claims the position of largest producer of light vehicle suspension components globally and largest vertically integrated disc brake maker in the Americas. Manufacturing runs across 7 plants in Mexico, Brazil, and the United States supported by 6 technology centers, with the corporate parent domiciled in Mexico as Rassini, S.A.P.I. de C.V. and a Brazilian joint venture with NHK (Rassini NHK Automotive).

The business model is OEM-driven: long-term supply contracts with major global vehicle manufacturers (explicitly including General Motors and Volvo) generate the majority of revenue, supplemented by an aftermarket catalog channel that sells OE-identical replacement components. Products are manufactured under IATF 16949 quality certification, with additional ISO 14001, ISO 45001, C-TPAT, OEA, and Clean Industry credentials. Production is anchored in Mexico and Brazil for cost competitiveness, while U.S. operations in Plymouth, Michigan and Flint, Michigan serve the North American OEM base. The company also maintains a JV in Brazil with NHK for automotive components.

Rassini employs more than 6,500 people globally and supplies components into more than 6 million vehicles per year. The technology stack combines vertically integrated metalforming and machining with Industry 4.0 automation (robotics, AI, real-time production monitoring) and dedicated R&D focused on lightweighting, noise reduction, and energy efficiency. Distribution is primarily direct to OEM assembly lines via enterprise sales, with a separate catalog channel for aftermarket replacement parts. The company is privately held by its founding stakeholders with no disclosed external parent, private equity sponsor, or public listing.

Rassini firmographics

Firmographics
Name
Rassini
Legal name
Rassini, S.A.P.I. de C.V.
Website
https://rassini.com
Company type
Private
Founded year
1979
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
Rassini is a tier-1 automotive supplier that designs and manufactures suspension springs and brake discs for major global vehicle manufacturers, operating 7 plants across Mexico, Brazil, and the United States with 6,500+ employees and supplying 6+ million vehicles annually.
Ownership category
akta.pro rank

Rassini industry classification

Industry
Product category
Automotive Components Manufacturing
NAICS
Motor Vehicle Brake System Manufacturing (336340), Motor Vehicle Steering and Suspension Components (except Spring) Manufacturing (33633)
SIC
Wholesale-Motor Vehicle Supplies & New Parts (5013)
akta.pro primary industry
Suspension Systems & Components (Springs/Shocks/Struts/Air Suspension) (IMACAIAA)
akta.pro secondary industry
Hydraulic Brake Systems (Master Cylinders/Calipers/Lines/Boosters) (IMACAIAD)

Keywords

  • Automotive suspension components
  • Brake disc manufacturing
  • OEM automotive parts
  • Leaf spring manufacturing
  • Automotive components supplier

Where Rassini is headquartered

Location

Headquarters

HQ city
Plymouth
HQ country
United States
HQ region
North America

Offices9 records

Markets served

Rassini business model

Business model
GTM type
B2B
Offering type
Hardware or Manufacturing
Cost components
Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure

Revenue model

  1. Automotive OEM Components: Original equipment manufacturing of suspension and brake components for automotive OEMs. Revenue generated through long-term supply contracts with major vehicle manufacturers.
  2. Aftermarket Components: Aftermarket sales through extensive catalog covering needs of all customers. Products identical in materials, specifications, and quality controls to OE products.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Rassini product offering

Product offering

Core offering

Rassini designs and manufactures suspension and brake components for the global automotive industry. The company operates through two core divisions—Suspensions (hybrid, parabolic, and multi-leaf springs, plus anti-vibration products) and Brakes (ventilated, perforated, solid, and slotted brake discs)—supplied as original equipment to major global vehicle manufacturers through 7 manufacturing sites in Mexico, Brazil, and the USA. An aftermarket catalog channel also distributes OE-quality replacement parts to direct customers.

Product overview

Rassini is a global automotive parts manufacturer specializing in the innovative design and manufacture of suspension and brake components. The company operates a platform-plus-products architecture with two core business divisions: Suspensions and Brakes. The Suspensions division produces springs (hybrid, parabolic, multi-leaf) and anti-vibration products, while the Brakes division manufactures disc brakes, rotors, and assemblies through vertically integrated operations. An Aftermarket service provides original equipment quality products directly to customers through an extensive catalog. The company supplies over 6 million vehicles annually through 7 manufacturing sites and 6 technology centers.

Differentiator

Problem solved

Functional benefit

Brands

  • Bypasa: Elastomers and bushings product line
  • Rassini NHK Automotive

Products and services

  • Suspensions (Suspensiones)
  • Brakes (Frenos)
  • Aftermarket Components

Quantifiable outcome

  • Supplying 6+ million vehicles annually
  • +2 more outcomes

Companies that use Rassini

Customer profile

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Rassini technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature3 records

Rassini partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core, supporting and regulatory.

  • United Nations Global CompactcoreStrategic or Co-development Partner · 1 January 2013Rassini has been a signatory to the UN Global Compact since 2013, adhering to its Ten Principles covering human rights, labor standards, environmental responsibility, and anti-corruption.
  • Various Academic InstitutionssupportingStrategic or Co-development PartnerRassini maintains research agreements with universities and academic institutions for the development of specialists and innovation. Multiple academic alliance logos are displayed on the sustainability page.
  • Automotive Industry AssociationssupportingOthersRassini is affiliated with national and international automotive industry associations for industry representation, standards development, and collaborative initiatives.
  • SEMARNAT (Secretaría de Medio Ambiente y Recursos Naturales)regulatoryOthersRassini holds the Clean Industry Certificate (Certificado de Industria Limpia) issued by Mexico's Ministry of Environment and Natural Resources.
  • Centro Mexicano para la Filantropía (CEMEFI)coreOthersRassini has been recognized as a Socially Responsible Enterprise (ESR) by CEMEFI for over a decade.

Scale indicators9 records

Recent moves5 records

Expansion highlights5 records

Rassini competitors and assessment

Company assessment

Broad incumbents

  • Continental AG: Global tier-1 automotive supplier with a large chassis & safety portfolio (brake systems, suspension components, ADAS). Directly comparable to Rassini as a chassis/ brake tier-1 to major OEMs, but with a much broader product breadth including electronics, tires, and powertrain.
  • ZF Friedrichshafen: Major tier-1 supplier with chassis technology including suspension systems, brakes, and steering assemblies. Comparable to Rassini's chassis/suspension/brake focus but with a much wider portfolio (transmissions, driveline, electronics, ADAS).
  • Hitachi Astemo (Astemo): Tier-1 Japanese automotive supplier (formed from Hitachi Automotive and Honda's stake in Showa/Denso affiliates) producing suspension, brake, and steering systems globally. Comparable to Rassini's chassis components but with a much broader portfolio.

Direct peers

  • Brembo: Specialist brake disc and caliper manufacturer serving global automotive OEMs. Closely comparable to Rassini's brake disc division (vertical integration, ICE focus) and shares the OEM tier-1 hardware model, albeit with a more premium-branded positioning.
  • Tenneco (DRiV / Apollo): Now operating under DRiV/Apollo following the Powertrain divestiture, Tenneco's ride performance (Monroe, Öhlins) and braking businesses make it a direct comparable to Rassini in chassis/dampening and brake friction components.
  • KYB Corporation: Japanese manufacturer of automotive shock absorbers, struts, and hydraulic brake systems for OEMs. Directly overlaps with Rassini's suspension and brake product lines on a tier-1 basis, with a similar customer-OEM focus.
  • Mando Corporation: Korean tier-1 supplier of brake and steering/suspension systems (calipers, master cylinders, modules) for global OEMs. Comparable to Rassini's brake disc and suspension offerings with similar direct-OEM supply model.
  • Akebono Brake Industry: Japanese specialist in automotive friction brake systems (calipers, disc pads) for OEMs and aftermarket. Comparable to Rassini's brakes division in terms of OEM tier-1 supply and friction-brake product focus.
  • BWI Group: Chassis and brake systems supplier serving global OEMs with calipers, brake corners, and suspension modules. Direct comparable to Rassini's combined chassis/brake offering on a tier-1 basis.

Emerging players

  • Sogefi (CIR Group): Italian automotive components maker focused on filtration, suspension, and air-intake systems for OEMs and aftermarket. Overlaps with Rassini's suspension business on a smaller scale; comparable tier-1 hardware supplier model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Rassini social profiles

Digital presence

Rassini compliance and trust

Trust signal

Compliance13 records

Rassini financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Rassini leadership team

Management profile

Number of profiles

Rassini subsidiaries and ownership

Company hierarchy

Subsidiaries7 records

Rassini funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Rassini M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rassini

What does Rassini do?

Rassini designs and manufactures suspension and brake components for the global automotive industry. The company operates through two core divisions—Suspensions (hybrid, parabolic, and multi-leaf springs, plus anti-vibration products) and Brakes (ventilated, perforated, solid, and slotted brake discs)—supplied as original equipment to major global vehicle manufacturers through 7 manufacturing sites in Mexico, Brazil, and the USA. An aftermarket catalog channel also distributes OE-quality replacement parts to direct customers.

Is Rassini a public or private company?

Rassini is a private company. It is classified as unknown and is currently operating.

When was Rassini founded?

Rassini was founded in 1979. It employs 5,001 to 10,000 people.

Where is Rassini based?

Rassini is headquartered in Plymouth, United States, in the North America region.

How does Rassini make money?

Two revenue lines are on record. Automotive OEM Components are the primary driver. The others are aftermarket Components.

Who are Rassini's main competitors?

Broad incumbents on record are Continental AG, ZF Friedrichshafen and Hitachi Astemo (Astemo). Direct peers are Brembo, Tenneco (DRiV / Apollo), KYB Corporation, Mando Corporation, Akebono Brake Industry and BWI Group. Sogefi (CIR Group) is listed as an emerging player.

Does Rassini have an API?

No public API is recorded for Rassini.

What industry is Rassini in?

Rassini's product category is Automotive Components Manufacturing. Its primary akta.pro industry code is IMACAIAA, Suspension Systems & Components (Springs/Shocks/Struts/Air Suspension), with a secondary code of IMACAIAD, Hydraulic Brake Systems (Master Cylinders/Calipers/Lines/Boosters). Its NAICS code is 336340 and its SIC code is 5013.

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Live signals
Market Research FutureAutomotive Leaf Spring Market Size, Share, Forecast 2035The global automotive leaf spring market reached USD 13.92 billion in 2025 and is projected to grow to USD 28.83 billion by 2035 at a 7.55% CAGR, driven by commercial-vehicle production growth, EV truck electrification, and lightweighting mandates from the EU and China. Asia-Pacific leads with 41.5% of revenue, while composite spring materials are the fastest-growing segment at 8.85% CAGR as OEMs pursue 50–70% weight reductions to offset battery mass in electric vehicles. The report profiles ten major suppliers including NHK Spring, Rassini International, Hendrickson International, Jamna Auto Industries, and Olgun Celik, collectively holding 35–42% of market revenue.Business Wire BlogHexion Partners with Rassini for Composite Leaf Spring Application in New Ford F-150 ModelHexion Inc. has partnered with Rassini to supply its EPIKOTE™ epoxy resin system for composite leaf springs used in Ford Motor Company's new 2021 F-150 pickup truck. Rassini manufactures the hybrid rear suspension at its Piedras Negras, Mexico facility, achieving a 16-kilogram weight reduction compared to conventional multi-steel leaf spring packs while maintaining equivalent stiffness and durability. The composite helper springs are produced using high-pressure resin transfer molding technology, positioning Rassini as a technological leader in lightweight automotive components.PR NewswireErratum regarding the results of the tender offerGGI INV SPV, S.A.P.I. de C.V. issued an erratum on December 12, 2018, correcting inaccurate results of its tender offer for Rassini, S.A.B. de C.V. shares that were originally published on December 10, 2018, with a second registration date scheduled for December 13, 2018. The definitive recount by Casa de Bolsa BBVA Bancomer showed that 59,939,356 Series 'A' shares and 54,012,722 common share certificates were offered, representing 52.47% of Rassini's capital stock, yielding a 98.20% acceptance level. GGI will use an exchange rate of MXN$20.38775 per dollar to convert payments from dollars to pesos for the tendered securities.PR NewswireRassini Concludes Its Contract With UBS As A Market MakerRassini, S.A.B. de C.V., a Mexican automotive suspension and brake components manufacturer listed on the Mexican Stock Exchange, has cancelled its market maker contract with UBS Casa de Bolsa S.A. de C.V., effective December 4, 2018. The cancellation applies to both the "A" series and "CPO" series of the company's shares, with Rassini stating the decision was made for its own interests. Rassini is a major automotive components supplier operating eight manufacturing facilities in Mexico, the United States, and Brazil.PR NewswireRassini informs that the Offeror waives the condition of achieving 95% acceptance in tender offer.GGI INV SPV, S.A.P.I. de C.V. has waived the 95% minimum acceptance condition in its tender offer for Rassini, S.A.B. de C.V., confirming it will proceed with the acquisition regardless of the level of acceptance by the expiration date. The National Securities and Banking Commission determined that this waiver constitutes a significant amendment, extending the offer term by 5 business days to December 10, 2018, with settlement now projected for December 18, 2018. Rassini's shareholders also approved Rassini and its subsidiaries guaranteeing GGI's financing operation for the deal.PR NewswireRassini publishes fairness opinion and communicates the position of the Board of Directors regarding the price of the Tender OfferOn November 1, 2018, GGI INV SPV launched a tender offer to purchase all outstanding shares of Rassini, S.A.B. de C.V. Rassini's Board of Directors reviewed the offer terms and, having received a favorable opinion from its Corporate Practices Committee and a fairness opinion from independent expert FTI Capital Advisors, LLC, determined that the purchase price is reasonable and benefits all shareholders. Board members confirmed no conflicts of interest, with those participating in GGI's capital stock and the CEO stating they do not intend to participate in the offer.PR NewswireGGI INV SPV has launched a tender offer to purchase all of Rassini's outstanding sharesGGI INV SPV, S.A.P.I. de C.V. launched a tender offer on October 31, 2018 to acquire all outstanding shares of Rassini, S.A.B. de C.V., a Mexican automotive suspension and brake components manufacturer listed on the BMV. The offer values the entire company at up to US$665.9 million, priced at US$2.08 per Series A share or US$4.16 per CPO, with the offer period running from November 1 to December 3, 2018 and settlement expected on December 10, 2018. The persons controlling GGI already jointly hold approximately 45.73% of Rassini's capital stock, making this a deal involving a significant existing stakeholder.PR NewswireRassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Third Quarter of 2018Rassini, S.A.B. de C.V., a Mexican automotive suspension and brake components manufacturer, announced its unaudited Q3 2018 financial results on October 22, 2018, reporting net revenue of $4,755 million (up 13% year-over-year) and EBITDA of $749 million (up 10% YoY), though net income declined 3% to $316 million. For the first nine months of 2018, the company generated net revenue of $14,243 million (up 5% YoY) with EBITDA of $2,536 million, while net income fell 6% to $1,132 million. The company attributed performance to strong U.S. auto industry conditions, noting a September 2018 SAAR of 17.4 million light vehicle sales, though this was below the 18.5 million from September 2017 due to hurricane-related replacement demand in the prior year.PR NewswireRassini, S.A.B. de C.V. and Subsidiaries Schedules Third Quarter 2018 Earnings Release for Monday, October 22, 2018Rassini, S.A.B. de C.V., a Mexican automotive suspension and brake component manufacturer, announced it will release its third quarter 2018 unaudited financial results on Monday, October 22, 2018, after market close. The company will host a conference call on Tuesday, October 23, 2018 to discuss the results and recent business initiatives. Rassini describes itself as the world's largest producer of suspension components for light commercial vehicles and the largest fully integrated brake disc producer in the Americas, with manufacturing operations across Mexico, the United States, and Brazil.PR NewswireRassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Second Quarter and First Half of 2018Rassini, S.A.B. de C.V., a Mexican automotive suspension and brake components manufacturer, reported unaudited financial results for Q2 and the first half of 2018 on July 24, 2018. The company posted Q2 2018 net revenue of 4,740 million Mexican pesos (up 6% year-over-year) but net income declined 14% to 360 million pesos, while first-half net income fell 7% to 816 million pesos despite a 1% revenue increase to 9,488 million pesos. The North American auto industry SAAR reached 17.5 million vehicles in June 2018 with approximately 68 days of supply, supporting Rassini's operations across its eight manufacturing sites in Mexico, the United States, and Brazil.