In today’s Q&A, Kesseler talks about Tenneco’s acquisition of Federal-Mogul, and what the combined company will look like going forward.
“Today marks an important step for Tenneco as we progress toward the transformation of our company into two strong, leading global businesses with the scale and financial flexibility to drive long-term value creation,” said Brian Kesseler, co-CEO, Tenneco.
The company expects the acquisition to close on Oct. 1.
The company also provided updates on the Federal-Mogul acquisition and planned spin-off during investor call today.
The company also provided an update on its acquisition of Federal-Mogul.
The acquisition is expected to be value accretive and will generate synergistic opportunities of at least $200 million in annual earnings and $250 million in working capital.
Holographic labels ensure quick, accurate product authentication, Federal-Mogul says.
New items available for purchase include an increased selection of products from the MOOG, Fel-Pro and Wagner brands.
Federal-Mogul Motorparts Continues Its Automotive Technician Scholarship Program For 4th Consecutive Year
Federal-Mogul Motorparts, through its Garage Gurus national training platform, will award $30,000 in scholarships to future automotive technicians.
This popular program gives racers and other maintenance enthusiasts the chance to win sponsorships in “On the Track” and “In the Garage” categories.
Available exclusively through Federal-Mogul Motorparts’ heavy-duty distribution network, 14 new SKUs fit a variety of sizes and applications, featuring exclusive DuraKlear HD – a robust durable element designed for heavy-duty use.
In this Executive Interview, Norton talks about Federal-Mogul’s six cultural values and the impact they are having on overall company performance and achievement. He also brings us up to speed on the company’s investment in operations both domestically and overseas.