Stellantis agrees to sell Brampton plant to defence firm Roshel
Stellantis has signed an asset purchase agreement to transfer its idle Brampton assembly facility to Roshel, with both companies indicating potential future collaborations in vehicle technologies for defence.
Stellantis announced that it has signed an asset purchase agreement with defence contractor Roshel to transfer ownership of its idled Brampton assembly plant and related equipment. The financial terms of the deal were not disclosed. Both companies said they will explore further collaboration opportunities in vehicle technologies and related services within the defence sector.
The sale follows stalled contract negotiations between Stellantis and the Unifor union, which represents more than 9,000 Canadian workers and has been at an impasse over the future of the Brampton site. > "Stellantis remains committed to working with Unifor on a fair resolution," said Stellantis CEO Antonio Filosa, adding that the transaction provides a path to return the plant to productive use.
Roshel, a Brampton-based manufacturer of armoured vehicles, had previously signed a memorandum of understanding with Stellantis in September to explore the potential sale of the facility.