Manufacturing M&A » By The Online Investor Staff, updated Sat., Apr. 17, 1:22 PM
Recent mergers and acquisitions in the Manufacturing M&A category.
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Slide #36. Federal-Mogul — Affinia Chassis Components Business
Acquirer:
Federal-Mogul (FDML)
Acquiree:
Affinia Chassis Components Business
Details:
Federal-Mogul today announced that it has entered into a definitive asset purchase agreement to acquire Affinia's chassis components business. The Affinia business serves leading U.S. aftermarket customers with branded and private label chassis product lines. The transaction is subject to customary regulatory approvals.
Federal-Mogul is a supplier of technology in vehicle and industrial products for fuel economy, emissions reduction and safety systems. Co. is an original equipment manufacturers (OEM) and servicers of automotive, light, medium and heavy-duty commercial vehicles, off-road, agricultural, marine, rail, aerospace, power generation and industrial equipment, as well as the worldwide aftermarket. Co. operates in two segments: Powertrain, which focuses on original equipment products for automotive, heavy duty and industrial applications; and Motorparts, which sells and distributes a range of products in the global aftermarket, while also serving OEM with products including braking and wipers.
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Avg. Broker Rec.
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Strong Buy (4.00 out of 4) 100th percentile
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