Editor’s Note: In a previous version of this article, the headline incorrectly stated that MPA’s new brake power booster product line was launched through an acquisition. Correct information regarding these two separate announcements – the product launch and the turbo company acquisition – is detailed below. We regret the error.
Motorcar Parts of America Inc. has announced the expansion of its product line with the introduction of in-house developed brake power boosters and turbochargers through a recently completed acquisition of Winchester, Virginia-based ZOR Industries.
“The launch of brake power boosters follows a similar strategic approach to our previous product line introductions – namely working with an existing customer that is committed to our program and supportive of the wide-range of value-added services that enhance the product category. We look forward to the commencement of brake power booster sales in mid-August, following several months of development activities to support a successful launch,” said Selwyn Joffe, chairman, president and CEO of Motorcar Parts of America Inc. “The acquisition of ZOR Industries provides Motorcar Parts of America with a small customer base and most importantly the technology, people and processes to address a rapidly emerging automotive category.”
Separately, the company said it has completed the acquisition of Winchester, Virginia-based ZOR Industries, a remanufacturer of automotive, heavy duty truck, agricultural and industrial turbochargers.
Industry sources estimate the aftermarket size today for the brake power booster category in the United States is approximately $350 million at the retail level, with continued growth reflecting its importance to safety systems such as anti-lock brakes and advanced driver assistance technology.
The size of the turbocharger aftermarket at the retail level in United States is estimated to be more than $500 million. Industry observers note improved fuel economy, enhanced engine performance and a focus on automotive weight reduction support the utilization of turbocharger technology, which is now accelerating. It is expected that aftermarket replacement rates will increase as vehicles with turbochargers age.
