PLYMOUTH, MI — As part of an effort to strengthen its position as a major supplier in the automotive aftermarket, Corteco, the aftermarket business of Freudenberg-NOK, has acquired Precision Automotive Industries (PAI), a Burnsville, Minn.-based supplier of bearings and seals. Terms of the agreement were not disclosed.
“This product line addition is a natural fit with our current offering of engine gaskets, mounts and power steering hoses,” said Phillip Damaska, president of Corteco. “We intend to grow this product offering of hubs, bearings and seals by developing industry leading coverage, producing superior products with appropriate marketing support and providing excellent product delivery.”
The company said PAI product distribution will continue to be handled at the Burnsville location, allowing customers to use the same procedure as before to place orders.
For more information, visit Corteco’s web site www.corteco-na.com or the Freudenberg-NOK web site www.freudenberg-nok.com.
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