The business was acquired from Precision Partners Holding Company for cash, and terms were not disclosed. The business will become part of the brake products group of Stemco.
Motor Wheel's primary product is the CentriFuse brake drum. The company's patented technology creates a braking surface that resists wear while improving both fuel efficiency and payload capacity.
"This lightweight, high performance brake drum coupled with our brake lining and new brake shoes creates a unique value proposition for today's fleet customers," says Jon Cox, president of Stemco.
Brake drums are the fourth braking product added by Stemco since the third quarter of 2009. Friction products were added through an agreement to provide brake linings manufactured by Duroline, a Brazilian company, to the North American market; automatic brake adjusters were added through the Stemco Crewson joint venture; and new brake shoes were added through the acquisition of Rome Tool and Die.
Motor Wheel is headquartered in Livonia, Mich., and has manufacturing facilities in Chattanooga, Tenn., and Berea, Ky. Jim Reis, vice president of Stemco Brake Products, will lead the Motor Wheel business.
For more information:
Motor Wheel CVS