TBC to Divest NTB and Tire Kingdom Businesses to Mavis
TBC says this transaction allows it to focus on and strengthen its wholesale and distribution and franchise businesses.
Valvoline Confirms Sale of Global Products Business
The business is being sold to Aramco for $2.65 billion in cash.
Transtar Divests Nickels Performance to Summit Racing
According to Transtar, this sale represents better market alignment for the Nickels brand.
DuPont to Divest Majority of Mobility & Materials Segment
DuPont will execute the previously announced M&M divestiture to Celanese for $11 billion in cash.
BorgWarner Sells Mississippi Facility to Atar Capital
The sale is consistent with “Project Charging Forward,” BorgWarner’s accelerated electrification strategy it announced in March 2021.
Stoneridge Sells Minority Interest In MSIL
The purchase price of the Minda Stoneridge Instruments Ltd. (MSIL) equity shares is $21.5 million equivalent Indian Rupee.
RainEater Wiper Blades Seeking A Buyer
After 12 years building a powerful brand, Founder Lance Thorton says COVID has shut the business down.
Modine Announces Sale Of Austrian Automotive Business
The sale marks a key step in Modine’s exit from the automotive business.
Cooper Standard To Divest Operations In Europe, India
The agreement includes approximately 2,500 employees and facilities in Poland, Spain, Italy, and India.
Veoneer to Focus on Core Electronics Business
Following a strategic review process launched in April 2019, the company has decided to exit the brake control business.
LKQ Completes Sale Of 2 Czech Distributors
The businesses are being sold to Swiss Automotive Group AG.
Donaldson Co. Receives Offer For Exhaust & Emissions Business
The business contributed approximately $120 million of revenue to the Engine Products segment in fiscal 2019.