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After 3 years Mangels ends recovery process

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Mangels Industrial S.A., a Brazilian manufacturer of aluminum wheels for the automotive sector, LPG cylinders and steel products for vehicles and appliances, left the judicial recovery process on Wednesday (March 15). The company entered the recovery process in November 2013

. Despite the adverse economic scenario, the company closed the third quarter of 2016 accumulating a profit before interest, taxes, depreciation and amortization (Ebidta) of R $ 23.9 million, up 132% year-on-year.