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Federal-Mogul to Purchase Affinia Chassis Parts Business

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Federal-MogulFederal-Mogul announced it has entered into a definitive asset purchase agreement to acquire Affinia‘s chassis components business.

Stated Carl C. Icahn, Chairman of the Board of Federal-Mogul, “The Board of Federal-Mogul remains committed to pursuing initiatives, like the Affinia chassis transaction and the recently announced Honeywell friction acquisition, to broaden the company’s product offering, provide operational synergies and better serve customers globally. Our objective is simple: we want to make Federal-Mogul products the preferred choice of automotive service providers in every product category and every segment we serve.”

“The integrated Federal-Mogul and Affinia chassis business will enable Federal-Mogul to offer an expanded portfolio of chassis products for a more comprehensive range of vehicles,” stated Kevin Freeland, Federal-Mogul co-CEO and CEO of the company’s Vehicle Components Segment. “Combining these two businesses will generate synergies in all areas of the business, including greater efficiencies in our chassis manufacturing operations and in logistics.”

When fully integrated, Federal-Mogul’s chassis business will include a wider range of wheel-end and steering products, including tie rods, ball joints, suspension and steering linkages, and alignment products; covering a greater portion of the car and pickup truck population, including foreign nameplates and heavy-duty applications.

Photo Source: Affinia Group


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