STEMCO Acquires Goodyear Air Springs Business
By Business Wire News
By Business Wire News
STEMCO, an EnPro Industries company (NYSE: NPO), announces its acquisition of the manufacturer of Goodyear air springs, as well as Super Cushion® and Spring Ride® air springs, from ContiTech, a division of Continental Corporation. This business unit was part of the business called Veyance that was recently acquired by Continental.
With the acquisition, STEMCO acquires the Super Cushion and Spring Ride lines of truck, trailer and truck cab suspension products, as well as cab seat springs. Also included in the acquisition are the Veyance manufacturing facility in San Luis Potosi, Mexico, the Veyance research and development operations in Fairlawn, Ohio, and all NAFTA related patents and applications.
“The Goodyear air springs business carries with it a strong brand presence and premium product performance,” said Todd Anderson, STEMCO president. “Customers will be able to count on the same consistent product performance and brand attributes, as the products will continue to be manufactured in the same facility and engineered by the same design team with the same support functions, in addition to gaining the support of the entire STEMCO team.”
He added, “We are looking forward to the air springs team joining the STEMCO family. Their record of success and growth potential make this an exciting addition to our business. STEMCO’s commercial vehicle market focus, superior product technology and outstanding reputation for training and customer support make this acquisition a complement to the STEMCO business strategy.”
Air spring products are available now through the existing distributor network. For more information on the new STEMCO product lines, visit www.stemcoairsprings.com.
With offices and manufacturing facilities in Texas, Georgia, Michigan, Kentucky, Tennessee, California, Canada and China, STEMCO is a leader in the technology and manufacture of commercial vehicle wheel end, braking and suspension components, as well as intelligent transportation systems. STEMCO is an EnPro Industries, Inc. (NYSE: NPO) company. EnPro is a leader in the manufacture of sealing technologies and engineered products for use in critical applications by industries worldwide. For more information, visit the STEMCO website at www.stemco.com.
The GOODYEAR trademark is used by STEMCO LP under license from The Goodyear Tire & Rubber Company.
Fuzz Martin, 262-338-3700, ext. 226