Stellantis says it has signed an agreement with defence contractor Roshel to sell its idled Brampton assembly plant.
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Stellantis says it has officially signed an agreement with defence contractor Roshel to sell its idled assembly plant in Brampton, Ont.
Under the asset purchase agreement, Roshel will acquire the facility and associated equipment from the automaker for an undisclosed amount.
The companies say they are also exploring future collaboration opportunities across vehicle technologies and related services in the defence industry.
The announcement comes as contract talks between Stellantis and Unifor, which represents more than 9,000 workers in Canada, remain at an impasse.
Stellantis CEO Antonio Filosa said the company remains committed to working with Unifor on a fair resolution, and that the sale creates a path to return the plant to productive use.
Stellantis previously signed a memorandum of understanding in September with Roshel, a Brampton-based manufacturer of armoured vehicles, for a potential sale of the facility.
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