Mergers & Acquisitions ·
Roshel to acquire Brampton Assembly Plant from Stellantis for undisclosed amount
STLAStellantis N.V.
Stellantis signed an Asset Purchase Agreement with Roshel, a Canadian defence technology company, to sell the Brampton Assembly Plant and associated equipment. The transaction is expected to close by the end of 2026, subject to regulatory approvals. The companies will also establish a strategic cooperation framework to explore future collaboration in vehicle technologies for the defence industry. This move supports Stellantis' FaSTLAne 2030 strategy to optimize its manufacturing footprint and achieve approximately 80% capacity utilization across North America by 2030. Stellantis remains committed to working with Unifor on a fair resolution for employees affected by the closure after three years of paid layoffs. The company continues to maintain significant operations in Canada, including plants in Windsor and Etobicoke. Stellantis is a leading global automaker producing vehicles under brands such as Jeep, Ram, Peugeot, and Fiat.