HDMA Announces 2009 Chairman, Officers and Board of Directors
Dennis Michels, president and CEO of Link Manufacturing Ltd. in Sioux Center, Iowa, was officially installed as the 2009 Chairman of the Heavy Duty Manufacturers Association (HDMA).
HD Dialogue ’09 to Feature Strategy Panel Discussion on Major Trends
Four top executives to participate in panel discussion.
The Week in Review (Dec. 1-5, 2008)
The Week in Review offers a snapshot of the most highly read stories of the week as seen on aftermarketNews. To access the complete stories, simply click on the highlighted links. If you missed reading one of our daily news emails, just click on the link that says “News Archives” at the bottom of the page to begin catching up on the latest industry news.
Perfection Acquires Affinia’s Aftermarket Clutch Hydraulic Business
Jim Ott, president of Perfection, said the acquisition will provide Perfection with a complete clutch system offering.
Berkshire Hathaway to Acquire Majority of Perfection Clutch’s Parent Company
Berkshire-Hathaway, a conglomerate holding company headquartered in Omaha, NE, will purchase 60 percent of Marmon Holdings, parent company of Perfection Clutch, a supplier of new clutch sets, new flywheels and ZOOM performance products to the U.S. aftermarket. Perfection Clutch is one of the 125 companies held by Marmon Holdings, Inc. The closing is anticipated to occur in the first quarter of 2008. The remaining 40 percent will be acquired through staged acquisitions over a five to six year period for consideration to be based on the future earnings of Marmon.
Perfection Clutch Acquires Mevotech Clutch Assets
Perfection Clutch Co. has acquired all the clutch assets of Toronto, Canada-based Mevotech Inc. This is the second Mevotech division to be sold off in recent weeks. Last week it was announced that ASC Industries would purchase Mevotech’s new water pump division.