NORTHVILLE, MI — Hayes Lemmerz International has sold its aftermarket brake controller business to Hayes Brake Controller Co., a limited liability corporation formed by Syncro Corporation of Arab, AL.
Syncro Corporation, formed in 1937, is a privately held company specializing in the design and manufacture of electronic and electro- mechanical products for the automotive, small engine and industrial markets
Under the agreement announced, Hayes Brake Controller Co. will acquire all inventory, assets and intellectual property necessary to the operation of the aftermarket brake controller business. Financial terms of the transaction were not disclosed.
“This deal is consistent with the strategic objectives of both companies,” said Ed Kopkowski, president of the North American Wheels, Commercial Highway and Aftermarket Business Unit at Hayes Lemmerz. “The sale will allow Hayes Lemmerz to focus on growing its core wheel business. At the same time, Syncro has been a long-term partner in the design, development and manufacturing of all of our brake controller products. As a core business of Syncro they will allocate the resources necessary to improve and grow this business. We intend to work with Syncro to ensure a rapid and successful transition.”
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