United Components Completes Sale of Its Flexible Lamps Unit

United Components, Inc. (UCI) has completed the sale of its Flexible Lamps business unit. The sale price for the transaction was approximately $39 million, subject to post-closing adjustments. The sale of Flexible Lamps, a U.K. manufacturer of lighting systems for commercial vehicles, follows UCI’s divestitures earlier this year of the company's Neapco and Pioneer business units. These divestitures further UCI's "Centers of Excellence" strategy, allowing the company now to devote full focus and attention to its core automotive aftermarket businesses: Airtex Products (fuel systems), ASC Industries (cooling systems), Champion Laboratories (filtration) and Wells Manufacturing (engine management).

EVANSVILLE, IN — United Components, Inc. (UCI) has completed the sale of its Flexible Lamps business unit. The sale price for the transaction was approximately $39 million, subject to post-closing adjustments.

The sale of Flexible Lamps, a U.K. manufacturer of lighting systems for commercial vehicles, follows UCI’s divestitures earlier this year of the company’s Neapco and Pioneer business units. These divestitures further UCI’s "Centers of Excellence" strategy, allowing the company now to devote full focus and attention to its core automotive aftermarket businesses: Airtex Products (fuel systems), ASC Industries (cooling systems), Champion Laboratories (filtration) and Wells Manufacturing (engine management).

Flexible Lamps was acquired by an affiliate of Truck-Lite Co. Inc. Headquartered in Falconer, NY, Truck-Lite is a major producer of lighting and mirror products for the heavy duty truck, trailer and commercial vehicle industries. Shield Corporate Finance, an international divestiture specialist, served as financial advisor to UCI on the transaction.