Lincoln International advises US based Alcoa on the sale of its German daughter company AFL Stribel Production GmbH to Singapore based Flextronics International, Ltd

Frankfurt, 6 December 2009 - Alcoa, a leading US based aluminium producer with sales of Euro 18bn in 2008, has sold its German daughter company AFL Stribel Production GmbH, a manufacturer of electronic control units for the automotive industry to Flextronics International.

Based in Frickenhausen, Germany with additional facilities in Hungary and the Czech Republic, Stribel is a leading manufacturer of power controllers, multi-function controllers, relays and power distribution centers for the light vehicle and commercial vehicle markets in Europe, North America and Asia. The Company is an important supplier to major European original equipment manufacturers and tier 1 suppliers including Volkswagen, Mercedes, MAN and Brose, among others. Stribel currently counts a staff of approximately 150 employees.

Flextronics International is a leading EMS (Electronic Manufacturing Services) provider headquartered in Singapore with sales of Euro 22bn for the financial year ended 31 March 2009.

This transaction represents the 28th successful assignment completed by Lincoln International's Global Automotive and Truck Group since the beginning of 2006. In addition to Alcoa, Lincoln International has recently completed automotive and truck transactions for clients that include Robert Bosch, The Carlyle Group, Delphi, Dover Corporation, Gerresheimer, Johnson Controls and Valeo.

For additional information regarding this transaction, please contact Patrick von Herz at +49 (69) 97105 442.  

About Lincoln International

Lincoln International specializes in merger and acquisition services, debt advisory services, UK pension advisory services and providing fairness opinions and valuations for leading organizations involved in mid-market transactions. With offices in Chicago, Frankfurt, London, Los Angeles, Madrid, New York, Paris, Tokyo and Vienna, and strategic partnerships with China Everbright in China and ICICI Securities, Inc. in India, Lincoln International has strong local knowledge and contacts in the key global economies. The organization provides clients with senior-level attention, in-depth industry expertise and integrated resources. By being focused and independent, Lincoln International serves its clients without conflicts of interest. More information about Lincoln International can be obtained at www.lincolninternational.com

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