OVIEDO, FL -- ROL Mfg. and Freudenberg-NOK General Partnership today announced they have closed on the previously announced transaction through which ROL Mfg. will acquire certain assets of Corteco’s North American Traditional Aftermarket Business from Freudenberg-NOK.

Specifically, the acquisition includes the assets in the U.S., Canada and Mexico, which are related to Corteco Gaskets & Seals, Omega Power Steering Hose & Kits, and MounTec Engine & Transmission Mounts.

In addition, ROL Mfg. and Freudenberg-NOK have formed a strategic alliance by means of a supply agreement. The agreement provides for ROL Mfg.’s purchase of parts from Freudenberg-NOK to support ROL’s aftermarket customers. As a result of the sale and the alliance, ROL Mfg. will focus and strengthen its position as a leader in the aftermarket, while Freudenberg-NOK will maintain its leadership position in the specialty and OE markets.

In an effort to ensure a seamless transition for customers, customer service, product management, packaging and distribution functions for all three product lines will remain at Freudenberg-NOK’s Milan, OH, facility for up to one year until these functions can be transferred to ROL Mfg.’s facility in Oviedo, FL.

The Omega Power Steering Hose manufacturing plant in Solon, OH, will continue to operate as is under ROL Mfg. and all employees have been retained. The Corteco de Mexico facility in Queretaro, Mexico, will also continue to operate as is, but will do so as ROL Mexicana, S.A. de C.V. after the closing. Freudenberg-NOK’s Newport, TN, gasket manufacturing plant will cease production but will continue to be used by ROL Mfg. during a transition period to warehouse and ship product. All manufacturing equipment and related activity will be transferred to ROL Mfg.’s brand new state of the art facility in Montreal, Canada. Several key quality and plant management employees from the Newport facility have been retained permanently or on a contract basis by ROL Mfg.

For more information visit www.rolmfg.com – or – www.corteco-usa.com.