DENVER, Colo. and CHICAGO
The acquisition of Schrader International
, a leading global manufacturer of sensing and valve solutions including Tire Pressure Monitoring Systems (TPMS) and fluid control components, is now complete.
Madison Dearborn Partners Global and certain affiliated investment funds (Madison Dearborn) and members of Schrader's management team have, through a new company formed for such purpose, acquired Schrader from Tomkins Ltd.
Hugh Charvat, president and CEO of Schrader, said, "In Madison Dearborn, we have outstanding partners to work with as we continue to grow our global business. Madison Dearborn shares our belief that Schrader's leadership position in key markets, backed by strong product lines such as TPMS and custom-engineered valves, is the result of our differentiation in the markets we serve. Our global positioning, matched with our scalable growth plan, makes Schrader a very unique and strong company."
Tom Souleles, managing director at Madison Dearborn, added, "We are pleased to have invested in Schrader, a company that has distinguished itself in global markets, driven by strong domestic and international OEM demand, a large and growing aftermarket and regulatory requirements for its TPMS technology. The company's outstanding management team has built a world-class infrastructure and a scalable operation to offer industry-leading products and customer service, and we are looking forward to working with Hugh and his team to help Schrader build on this strong foundation and capitalize on numerous growth opportunities."
Schrader has a strong brand, sales and engineering presence in all major global regions, including more than 50 countries. Schrader manufactures its highly engineered sensor and valve products from eight manufacturing facilities worldwide. The company's technologies can be found within diverse applications across a broad range of end-markets, including automotive, aeronautics, heavy-duty/off-road, industrial, mining, medical and energy.
Schrader's products can be found on more than half of all global vehicle platforms fitted with direct TPMS, and throughout the growing automotive aftermarket, the company says. The patented and programmable Schrader EZ-sensor is a cutting-edge replacement sensor solution for aftermarket customers who service the more than 70 million TPMS-equipped vehicles in North America, the company says. Schrader also delivers custom-engineered valve and fluid-control components throughout the Industrial markets.