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Slide #38. Remy International — Assets of USA Industries
Remy International (REMY)
Assets of USA Industries
Remy International, Inc. (NASDAQ: REMY), a leading worldwide manufacturer, remanufacturer, and distributor of starters and alternators for light vehicle and commercial vehicle applications, locomotive products, and hybrid electric motors, announced today that it acquired substantially all assets of USA Industries, a Bay Shore, New York manufacturer, remanufacturer, and distributor of starters, alternators, CV axles, and disc brake calipers for the light-duty aftermarket.
Remy International is involved in the design, manufacture, remanufacture, marketing and distribution of non-discretionary, rotating electrical components for light and commercial vehicles for original equipment manufacturers and the aftermarket. Co. sells its products primarily under the Delco Remy, Remy, World Wide Automotive and USA Industries brand names, as well as its customers' private label brand names. Co.'s principal products for both light and commercial vehicles include: new starters and alternators; remanufactured starters and alternators; hybrid electric motors; and multi-line products including steering gear, constant velocity axles, and brake calipers.
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