Littelfuse Announces Sale of Efen Product Line - aftermarketNews

Littelfuse Announces Sale of Efen Product Line

Littelfuse has signed a definitive agreement for the sale of its Efen product line to Weber AG, Switzerland, a subsidiary of the Hager Group. Terms of the transaction were not disclosed. Littelfuse obtained the Efen brand through its acquisition of Heinrich Industrie AG in May 2004. Annual sales of Efen products is approximately $31.8 million. The sale is expected to be completed in the first quarter of 2006.

DES PLAINES, IL — Littelfuse has signed a definitive agreement for the sale of its Efen product line to Weber AG, Switzerland, a subsidiary of the Hager Group. Terms of the transaction were not disclosed. Littelfuse obtained the Efen brand through its acquisition of Heinrich Industrie AG in May 2004. Annual sales of Efen products is approximately $31.8 million. The sale is expected to be completed in the first quarter of 2006.

Efen is a manufacturer of fuse-switches for electrical power distribution equipment, utility and industrial applications primarily serving the European market. Efen has approximately 230 employees at production and sales facilities in Uebigau and Eltville, Germany and Kaposvar, Hungary. Weber offers complete main electrical distribution systems.

“While Efen is a non-core business for Littelfuse, it is a good strategic fit for Weber. Efen’s product line will enhance Weber’s offering of fuse-switches for the European electrical market, while enabling us to focus on continuing to expand our industry-leading circuit protection product portfolio,” said Gordon Hunter, CEO of Littelfuse.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Gentex to Open Production Facility in Grand Rapids

Gentex says it continues to implement meaningful solutions to the ongoing labor shortage.

Zeeland, Michigan-based Gentex Corp. announced today that it plans to open a satellite production facility that will bring 50 new jobs to the Madison Square neighborhood of Grand Rapids, Michigan. By expanding its manufacturing footprint, Gentex says it hopes to boost its employee base and provide greater access to well-paying jobs as it continues to implement meaningful solutions to address the ongoing labor shortage.

Dana Offers Spicer End Yokes for Allison Transmissions

The end yokes are designed to help minimize noise and vibration and keep drivelines running smoothly.

BorgWarner Included in 2023 Bloomberg Gender-Equality Index

The index measures gender equality across equal pay and gender pay parity, leadership and talent pipeline, inclusive culture and more.

New Bosch Campaign Focuses on Night Performance Wiper Blades

Bosch FOCUS and ENVISION wiper blades are designed to make nighttime driving safer in inclement weather, the company says.

US Motor Works Releases 9 New Water Pumps

The latest nine new water pumps are now in stock and ready to order.

Other Posts

NGK Spark Plugs Announces New Company Name and Logo 

The company says the name change is reflective of transformation in the organization’s business portfolio.

AP Emissions Releases January New Part Number Update

Coverage available for Dodge, Chrysler, Ford, Land Rover, Toyota, Lexus, Mazda and Mercedes-Benz vehicles.

NRS Brakes Offers Galvanized Brake Pads for F-150 Lightning

The brake kits cover both front and rear applications for almost 1.6 million vehicles.

Raybestos Adds New Friction, Rotor, Hydraulics Coverage

The new part numbers cover more than 19 million vehicles in operation (VIO).