BorgWarner Inc. has announced its intention to sell its Fuel Systems and Kysor-Westran HVAC units, two non-core business which were part of the Vehicle Products business of Kuhlman Corporation that the company acquired in March of last year.
The units generated about $165 million in annual revenue in 1999.
"While both of these units are solid businesses, they do not fit our strategic focus on powertrain technology,'' said John F. Fiedler, chairman and CEO of BorgWarner. "We continue to concentrate on core technologies that will drive internal growth and profitability in highly engineered powertrain products and systems." He added that the company will only sell the business units if acceptable buyers are found.
The Fuel Systems unit, currently part of BorgWarner Air/Fluid Systems, produces metal fuel tanks for the heavy truck market in North America. It is headquartered in Grand Rapids, MI and employs about 790 people. Kysor-Westran HVAC, currently reporting though Morse TEC, serves the agricultural/off highway market in North America and Europe. It is headquartered in Byron, IL and employs about 320 people.
BorgWarner Plans to Sell Fuel Systems, HVAC Units
BorgWarner Inc. has announced its intention to sell its Fuel Systems and Kysor-Westran HVAC units, two non-core business which were part of the Vehicle Products business of Kuhlman Corporation that the company acquired in March of last year.
More Aftermarket
Phillips Opens High-Tech Distribution Center for Faster Parts Delivery
Phillips Industries’ new Cincinnati-area distribution center is now shipping aftermarket trucking parts nationwide, aiming to speed up delivery times for customers.
Read More →
Volvo to Sponsor America’s Road Team for 2025
Volvo Trucks announced that it is extending its exclusive sponsorship of America’s Road Team for 2025.
Read More →
Webb to Start Taking Orders for UltraSet Pre-Adjusted Wheel Hubs
Webb, which recently acquired the Stemco Trifecta pre-adjusted hub program, will soon start taking orders for its replacement pre-assembled hub, the UltraSet.
Read More →
All-Makes Automatic Brake Adjusters, Ride Height Control Valves from Midland
SAF-Holland has added automatic brake adjusters and ride height control valves to its Midland All-Makes Program.
Read More →
ZF Aftermarket Expands [pro]Academy Training
ZF Aftermarket said it is expanding its ZF [pro]Academy training and will be adding 40 new modules this year.
Read More →
Eaton Adds Remanufactured Advantage Line of Clutches
Eaton has added its Advantage clutches to its remanufactured product line. The clutches feature a unique strap drive intermediate plate designed to allow customers to choose the latest OE specification
Read More →
ConMet Acquires TruckLabs, the Creator of TruckWings
Commercial truck and trailer parts provider ConMet acquired TruckLabs, the company that created TruckWings, an aerodynamic device that attaches to truck cabs and deploys to close the gap between truck and trailer. TruckLabs now operates as a subsidiary of ConMet.
Read More →
Diesel Laptops Releases Fault-Code-to-Part-Number Tool
Diesel Laptops said its Truck Fault Codes allows users to input a fault code and immediately identify and order the parts needed to complete repair work.
Read More →
Heavy Duty Parts and Labor Costs Dropped in Q2
A benchmarking report from TMC and Decisiv reveals good news for fleets as heavy-duty parts and labor costs dropped in the second quarter of 2023.
Read More →
Platform Science, Uptake Partner on Predictive Maintenance Platform
Platform Science and Uptake have formed a partnership aimed at bringing a comprehensive predictive maintenance program to market for U.S. truck fleets.
Read More →