Schumacher Acquires Electro-mem S.R.L.

Schumacher Acquires Electro-mem S.R.L.

Electro-mem, founded in 1976 by Elio Moro, has achieved positive results both nationally and internationally in the production and marketing of its high-quality chargers and jump starters.

­Schumacher Electric, a leading designer and manufacturer of battery chargers and jump starters, has acquired Electro-mem S.R.L., one of Italy’s leaders in battery charger and jump starter innovation.

“We were extremely impressed with Electro-mem’s entire operation,” said Schumacher President Cory Watkins. “From the leadership of Bruno and Filippo Moro to the reliability, performance and design of the entire Electro-mem product range, this company fits perfectly within the Schumacher family.”

Electro-mem, founded in 1976 by Elio Moro, has achieved positive results both nationally and internationally in the production and marketing of its innovative and high-quality chargers and jump starters.

“Enthusiasm and commitment to excellence are key factors for me and my brother, Filippo,” said Bruno Moro, Electro-mem’s general manager. “It is clear that Schumacher shares these principles, making this an ideal partnership.”

Schumacher will keep the entire young team, including the Moro Brothers, in the new modern production facility in Crespano del Grappa. They will work closely with Schumacher Europe’s staff in Harze, Belgium.

“Schumacher has been a family business since 1947,” said Don Schumacher, CEO. “Likewise, Electro-mem is a family business that thinks the way we do: Always take care of the customer.”

You May Also Like

Standard Motor Products Releases Q4, 2023 Year-End Results

Eric Sills, chairman and CEO, said the company is looking to continue to find ways to better service customers and explore opportunities to partner for growth in 2024.


Standard Motor Products, Inc. released its consolidated financial results for the fourth quarter and full year ending December 31, 2023. The company reported fourth-quarter net sales of $290.8 million, compared to $308.2 million in the same period in 2022. Earnings from continuing operations for the quarter were $7.2 million or $0.32 per diluted share, down from $8.5 million or $0.39 per diluted share in Q4 2022. Excluding non-operational gains and losses, earnings were $8.2 million or $0.37 per diluted share, compared to $15.1 million or $0.69 per diluted share in the previous year.

Phinia Reports Q4 Results & 2024 Outlook

Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.

financial results
GPC Delivers on 2023 Financial Goals

GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.

MPA Reports Strong Financial Results for Fiscal Q3 2024

MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.

O’Reilly Reports Q4, Full-Year 2023 Financial Results

The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.

financial results

Other Posts

Solero Technologies to Acquire Kendrion’s Automotive Business

The acquisition would expand Solero’s presence with the addition of five European plants located in the Czech Republic, Germany and Romania, as well as one plant in the U.S.

Solero Technologies to Acquire Kendrion's Automotive Business
Dill Air Controls Acquires Exactra, Inc.

“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.

Dill Air Controls Acquires Exactra Inc.
Fenix Parts Completes Acquisition of Neal Auto Parts

Neal is an automotive recycler servicing the Central Illinois market with a population of approximately 1.3 million people.

Sun Auto Tire & Service Expands Texas Store Count

The company has acquired Carrollton Complete Automotive, which offers a range of automotive services.

Sun Auto and Tire