More Details on the Future of Honeywell’s Friction Materials Business
Yesterday, Honeywell announced that it had terminated discussions with Federal Mogul regarding the possible sale of its friction materials business, which manufactures and markets the well-known aftermarket brand Bendix. After several months of negotiations, the parties were unable to agree on terms of a deal. Now Honeywell has reported that the friction materials division will remain part of Honeywell and will become closely aligned with the company’s business initiatives and operating plan. According to Joe Puishys, president of Honeywell friction materials, the company is in the process of making investments in both the aftermarket and OE segments of the business.
Exide Introduces NASCAR Branded Product Line at Sam’s Club
Playing off the brand recognition the NASCAR name holds with its estimated 75 million fans, Exide Technologies has introduced a new NASCAR branded transportation battery program at Sam’s Club, a national members-only chain of retail warehouses. The new program is exclusive to Sam’s Club and will be available in more than 462 locations nationwide.
DENSO Becomes Toyota’s Corporate Sponsor for F1
Toyota Motor Corporation and Toyota Motorsport GmbH have announced today that DENSO Corp. has become a corporate sponsor for the Panasonic Toyota Racing F1 team from the 2004 season. DENSO has supported the Toyota F1 team as a technical partner since 2002, providing products such as tailor-made spark plugs for the team’s V10 engine.
The Results Are In: Seventy Percent Say AAPEX is Worth the Cost
The results are in from the first edition of “AMN Asks” — the new weekly aftermarketNews.com poll. Last week, we asked whether you thought the annual AAPEX Show in Las Vegas offers “complete value” for the amount of time and resources you spend to attend. The annual Automotive Aftermarket Products Expo, which takes place in Las Vegas every fall, is the largest gathering of aftermarket products and people under one roof. It’s a chance to network, check out new products and attend informative seminars. It’s fast-paced and frenetic and can be a world of fun, however, on the flipside, it’s also an exhausting week of glad-handing and schmoozing in a very pricey town. Is it offering the best bang for your buck?
MACS Announces New Sponsorships for 2004 Convention
Four Seasons, a division of Standard Motor Products, has announced its sponsorship of “Crank it UP!” — the 24th annual Convention and Trade Show of the Mobile Air Conditioning Society (MACS) Worldwide. The convention takes place January 22-24 at the Caribe Royale All-Suite Resort in Orlando, Fla. Sanden International has announced its gold sponsorship of the event, bringing drag racing legend Big Daddy Don Garlits to the convention to present the keynote speech during a luncheon on Saturday, January 24th at noon. Garlits will speak on teamwork and working toward success.
Stoneridge Adds Two New Directors to Its Board
Automotive components manufacturer Stoneridge has appointed John Corey and William Lasky to the company’s board of directors. Corey is president and CEO of Safety Components International, a supplier of air bags and components. He previously held positions as president of the Stanley Mechanics Tools Division, AlliedSignal’s automotive aftermarket products division and Moog Automotive. Lasky is chairman, president and CEO of JLG Industries, a diversified construction and industrial equipment manufacturer. Prior to joining JLG, Lasky spent 22 years in various positions of increasing responsibility with Dana, including president of its Filtration Products Worldwide business from 1997 to 1999.
Pep Boys Names Transpro Primary AC Line Supplier
Pep Boys has named Transpro as the primary supplier of its air conditioning product line. The agreement extends Transpro’s existing relationship with Pep Boys whereby they currently purchase Ready-Rad Radiators and Ready-Aire Heater Cores and A/C Condensers from Transpro.
Coatings Manufacturer Valspar Acquires De Beer Lafkabrienken B.V.
Coatings manufacturer Valspar Corp. has purchased De Beer Lakfabrieken, a privately-owned, manufacturer and distributor of automotive refinish coatings based in The Netherlands. The acquisition includes De Beer’s subsidiaries in the U.K. and Australia. De Beer, which sells products in more than 65 countries, had sales of approximately $39 million ($50 million at current exchange rates) in 2003. Terms of the transaction were not disclosed.
ArvinMeritor to Sell Ohio Trailer Systems Business to Sypris Solutions
ArvinMeritor has announced plans to sell its Kenton, Ohio, trailer systems business to Louisville, Ky.-based Solutions. ArvinMeritor said the sale of the facility, which employs more than 200 people, will allow the company to focus strategically within trailer products on its core processes for the design and assembly of complete systems, which consist of axles, brakes, suspension and ride control. Once the transaction is complete, Sypris Solutions would become a long-term, key supplier of trailer axle beams to ArvinMeritor’s trailer assembly facility in Frankfort, Ky.
Siemens VDO Automotive Names N.A. Williams “Sales Agency of the Year”
Automotive supplier Siemens VDO Automotive has named Atlanta, Ga.-based N.A. Williams Agency “Sales Agency of the Year” for 2003. N.A. Williams is responsible for Siemens VDO Automotive’s sales activities in the Southeast Region, including Virginia, South Carolina, North Carolina, Georgia, Alabama, Mississippi and Tennessee. The N.A. Williams Agency, which was founded in 1934, specializes in the automotive aftermarket, serving a variety of major manufacturers. They have been a representative of Siemens VDO for the past six years.