LONG GROVE, Ill. – MAT Holdings Inc., a global manufacturer and distributor of products in the automotive, hardware and power equipment sectors, has purchased two European manufacturing plants in the braking sector from Federal-Mogul.
These plants include the commercial vehicle operations of Federal-Mogul Marienheide (Marienheide, Germany) and the passenger vehicle operations of Federal-Mogul Noyon (Noyon, France). Also included in the acquisition are R&D assets located in Bad Camberg, Germany, which are related to both plants.
According to Steve Wang, CEO of MAT Holdings, “We are very excited about these acquisitions and these assets will allow us to better serve both our European commercial and passenger vehicle customers with the highest quality products.”
In order to address merger control clearance, Federal-Mogul agreed with the European Commission that to complete the acquisition of Honeywell Friction, it was required to divest the two friction material manufacturing facilities.
MAT Holdings supplies an extensive line of braking components for OE and aftermarket passenger and commercial vehicles globally. The company also sells vehicle shock absorbers and struts under the Gabriel brand in North America.
