Randon S A Implementos e Participações : MINUTES NO. 910 OF THE BOARD OF DIRECTORS MEETING
October 19, 2020 at 08:20 am EDT
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RANDON S.A. Implementos e Participações
Listed Company
Minutes No 910 of the Board of Directors Meeting
DATE, TIME AND VENUE: On October 7, 2020, at 5:00 p.m., at the Company's headquarters, located at Abramo Randon Ave. 770, Caxias do Sul (RS). ATTENDANCE: All members of the Board of Directors, through the Atlas Governance Portal.
PRESIDING BOARD: David Abramo Randon - Chairman and Alexandre Randon - Secretary.
RESOLUTIONS: In accordance with the applicable statutory provisions, by unanimous vote, the Directors decided to approve the sale of part of assets owned by the Company and the subsidiary Randon Veículos Ltda. ("Randon Veículos"), consisting of projects, tools and other items for the manufacture of special vehicles, as well as inventories of parts and components applied to production and the aftermarket, for Müller Indústria de Máquinas de Construção Ltda., registered in the National Register of Legal Entity under No 11.398.604/0001-08, for an estimated amount of approximately R$ 20,000,000.00 (twenty million reais), to be confirmed in a specific inventory. The Company's Officers and managers of Randon Veículos are authorized to sign all documentation to complete the deal. The Board also approved the shutdown of Randon Veículos operational activities, which should occur during December of this year. The decisions taken aim to concentrate the Company's activities in their main businesses, considering the synergies between them, and are part of the optimization of their plants and industrial processes. CLOSURE: There being no other matters to address, the meeting was closed and the minutes, which read approved in all its items, were electronically signed by the Digital platform Docusign.
Caxias do Sul, October 7, 2020.
David Abramo Randon
Alexandre Randon
Ruy Lopes Filho
William Ling
Pedro Ferro Neto
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Randon SA Implementos e Participações published this content on 07 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 12:19:05 UTC
Randon SA Implementos e Participacoes, formerly Randon Participacoes SA, is a Brazil-based company primarily engaged in the manufacture of heavy vehicles and parts. The Company's activities are divided into three business segments: Railway wagons and vehicles, which focuses on the production and distribution of various wagon types, such as hopper, gondola, platform, tank, sider and telescopic, as well as off-road trucks, truck bodies, trailers and semi-trailers; Automotive parts, which is responsible for the manufacture and marketing of automobile components for suspension, brake and transmission system, among others, and Services, which provides services related to the administration of consortium groups for the purchase of durable goods, as well as financing services for the Company's customers. It operates a distribution network in Latin America and Africa. The Company is a subsidiary of Dramd Partiicipacoes e Administracao Ltda.