CLEVELAND, Ohio – Prestolite Performance, a performance auto parts manufacturer of brands including Mr. Gasket, ACCEL, ACCEL Motorcycle, Hays, Lakewood, Mallory Ignition, QuickTime and Prestolite Proconnect, has reached an agreement to wholly divest its Mallory Marine brand to Litchfield, Ill.-based SeaStar Solutions (formerly known as Teleflex Marine). Financial terms of the transaction were not disclosed.
Mallory Marine offers a full catalog of traditional ignition and fuel system products, including gasket sets, internal engine parts, electrical system service parts, cooling system parts, seals, gear sets and housings, as well as a complete line of marine lubricants.
Not affected by today’s announcement is Mallory Ignition, the sister company to Mallory Marine, which was founded in 1925 and at 88 years old is one of the longest-running such companies in the automotive aftermarket industry. The Mallory Ignition product line includes distributors, ignition boxes, coils and fuel pumps targeting both the automotive enthusiast looking for a period correct look and racers or race fans looking to increase their vehicle performance.
“Divesting Mallory Marine allows us to focus on executing our strategy of accelerating growth in automotive and powersports,” said Don Barry, president of Prestolite Performance.