21/06/2007
Magal expands operations in Brazil through new strategic partnership
Yahud, Israel
The new Brazil based operations, located in São Paulo, will be headed by Mr. Eduardo Fazzio, formerly the Magal Group's Brazilian master dealer.
"We are very pleased to announce the formation of this new strategic partnership in Brazil," says Izhar Dekel, CEO of Magal. "This partnership will enable us to further expand our operations to one of our key strategic markets, South America, and, we believe, will serve as a major growth driver in years to come. This partnership will provide us with a local base within the South American free trade region, potentially enabling us to manufacture certain of our products there in the future"