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The Company was established on February 22, 1954, in Caxias do Sul, State of Rio Grande do Sul. As early as 1960, the Company made its first export transactions.
In November 2017, the Company set up Fras-le Pan-americana, which is a commercial office in Bogotá, and a warehouse in the city of Cartagena, in a free zone. The coverage of this operation, in addition to Colombia, also extends to Peru, Ecuador, Central America and the Caribbean.
In December 2017, the Company acquired the following companies: (a) 100.0% of the capital stock of Armetal Autopartes, which, in turn, holds the shareholding control of Farloc Argentina (76.09% of capital stock), all based in Buenos Aires; and, (b) 100.0% of the capital stock of FANACIF S.A., with headquarters in Montevideo. The three companies operate in the segment of spare parts for light and heavy vehicles; ARMETAL is one of the largest distributors of auto parts in Argentina. This way, a complementary product portfolio was added, which includes components for brake and suspension systems, engine, bottled liquids, and other miscellaneous products for motor vehicles.
In late 2017, the Company signed an Association Agreement with ASK Automotive Private Limited (“ASK”), to set up a company in the town of Manesar, Haryana, India, under the name of ASK Fras-le Friction Private Limited (” ASK Fras-le “), to produce brake linings and brake pads. The new company starts its operations in early 2018, when Fras-le will effectively take over the control of the business, with a stake corresponding to 51.0% of the capital stock.
In 2016, as a result of the completion of the Shares Restricted Offering, a new Capital Increase took place in the amount of R$ 300 million, through the issuance of 92,592,593 new common shares. As a result of this increase, the paid-in capital of the Company is now R$ 600 million, represented by 217,566,343 common shares.
In December 2016, the Company signed an Association Agreement with Federal Mogul VCS Holding BV, for the acquisition of 80.10% of the quotas representing the capital stock of Federal-Mogul Friction Products Sorocaba Sistemas Automotivos Ltda., located in the city of Sorocaba, São Paulo, which manufacturers brake pads. With this transaction, the company acquired was re-named Jurid do Brasil Sistemas Automotivos Ltda. Fras-le effectively took over the control and management of the company in early 2018, after fulfilling all precedent conditions.
2014 was marked by a Capital Increase and Share Bonus operation: 24,994,750 new common shares, nominative, book-entry shares with no par value were issued, allocating to shareholders, free-of-charge, as bonus shares, one new share for every four shares of the same class they hold, that is, bonus shares of 25% of the shares they hold. Therefore, the paid-in capital of the Company is now represented by 124,973,750 common shares.
In 2013, the shareholders of the Company resolved, in a General Meeting, to convert all of its preferred shares into common shares.
In early 2012. the Company took over the control and management of Freios Controil Ltda., located in São Leopoldo, in the great Porto Alegre, State of Rio Grande do Sul, a manufacturer of auto parts, brake components and solutions in automotive polymers, thus expanding and diversifying the product portfolio offered by the Company. In this same year, the shipment area of Fras-le plant located in Caxias do Sul, was also expanded by opening its new Logistics Center.
In the years 2000, the Company continued to expand. In 2008, Fras-le`s strategy of becoming a global company was boosted through the opening of the sales offices Fras-le Europe (Germany), Fras-le Mexico, and Fras-Le Middle East (Dubai), and by setting up a plant in China for the production of brake linings and pads for commercial vehicles; in addition, Fras-le acquired the friction material business from the American company Haldex, Alabama, United States.
In the 1990s, the subsidiary Fras-le North America Inc. began to operate in the United States, which, at that time, was merely a commercial office located in the city of Northville, Michigan, adding later, a warehouse in the city of Gastonia, North Carolina, and the subsidiary Frans-le Argentina S.A. began to operate with a warehouse in the Province of San Martin, Argentina. In addition, Fras-le Andina Comercio y Representaciones Ltda. also started its activities with a sales office in the city of Santiago, Chile. This period was also marked by quality certifications achieved by the Company (ISO 9001 and ISO 14001)..
In 1996, the shareholding control of the Company was acquired by Randon S.A. Implementos e Participações and the Company became part of Randon companies.
In the 1980s, new technology agreements were signed in England and United States. In this period, the first asbestos-free friction materials were launched. The 1980s were also marked by the acquisition of Lonaflex, a manufacturer of friction materials then located in the city of Osasco. Lonaflex`s operations were later on integrated into the Fras-le`s plant of Caxias do Sul, remaining under the “Lonaflex” brand up to the present.
In the 1970s, Fras-le went public, more precisely in 1971. Also in the 1970s, the Company signed a Technology Agreement in Germany and opened the first Research and Development Center (R&D) in Caxias do Sul, RS, Brazil.