AUBURN HILLS, Mich. -- Delphi has finalized the sale of assets and shares related to the company's global exhaust business to Mexican company Bienes Turgon. The sale includes locations in Blonie, Poland; Clayton, Australia; Port Elizabeth, South Africa; joint venture interests in Monterrey, Mexico; technical centers in Auburn Hills, Mich. USA; and Bascharage, Luxembourg.
Bienes Turgon officially began operation of the business on May 1 under the name Katcon Global.
As part of this transaction, the sale of assets to Bienes Turgon from the remaining two locations -- Gurgaon, India and Shanghai, China -- is expected to close during the second half of 2009.
Delphi received approval from the U.S. Bankruptcy Court for the Southern District of New York in Dec. 2008 to sell the business to Bienes Turgon.
Although the company is divesting its exhaust business, Delphi Powertrain Systems continues to provide full engine management systems (EMS) -- including air and fuel management, combustion and valve train technology -- through its gas EMS product business unit.