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Bendix CVS Divests Fan Drive Business
January 15, 2010
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By aftermarketNews staff
ELYRIA, Ohio -- Bendix Commercial Vehicle Systems LLC (Bendix CVS), a member of the Knorr-Bremse Group, has completed the sale of its fan drive/clutch business and related assets to Kit Masters Inc. for an undisclosed amount.  

Kit Masters, a Perham, Minn.-based manufacturer of heavy-duty aftermarket components, specializes in remanufactured fan drives, rebuild kits and related accessories.  

The transaction, which closed Dec. 21, 2009, immediately divests the assets associated with the Bendix fan drive operations to become a part of the Kit Masters product offering. Kit Masters will manufacture, distribute and sell fan drive products under the existing TORQUEMASTER, FD-1, FD-3 and FD-L brand names.  

Bendix CVS said the divestiture will provide the company with the opportunity to continue its increased focus on expanding system solutions in the areas of energy management, specifically fuel savings and emission-reducing technologies for diesel-powered commercial vehicles.