14 January, 2010
Bendix CVS Divests Fan Drive Business
Press Release Source: Bendix Commercial Vehicle Systems LLC On Thursday January 14, 2010, 6:02 pm EST
ELYRIA, Ohio, Jan. 14 /PRNewswire/ -- Â Bendix Commercial Vehicle Systems LLC (Bendix CVS), a member of the Knorr-Bremse Group, has completed the sale of its fan drive/clutch business and related assets to Kit Masters, Inc. for an undisclosed amount. Â
Kit Masters, a Perham, Minn.-based manufacturer of heavy-duty aftermarket components, specializes in remanufactured fan drives, rebuild kits, and related accessories. Â
The transaction â which closed Dec. 21, 2009 â immediately divests the assets associated with the Bendix® fan drive operations to become a part of the Kit Masters product offering. Kit Masters will manufacture, distribute, and sell fan drive products under the existing TORQUEMASTER, FD-1, FD-3, and FD-L brand names. Â
The divestiture will provide Bendix CVS the opportunity to continue its increased focus on expanding system solutions in the areas of energy management, specifically fuel savings and emission-reducing technologies for diesel-powered commercial vehicles.
About Bendix Commercial Vehicle Systems LLC
Bendix Commercial Vehicle Systems, a member of the Knorr-Bremse Group, develops and supplies leading-edge active safety technologies, air brake charging, and control systems and components under the Bendix® brand name for medium- and heavy-duty trucks, tractors, trailers, buses, and other commercial vehicles throughout North America. An industry pioneer, employing more than 2,000 people, Bendix is driven to deliver solutions for improved vehicle performance, safety, and overall operating cost. Bendix Commercial Vehicle Systems is headquartered in Elyria, Ohio, with manufacturing plants in Acuna, Mexico; Bowling Green, Ky.; Huntington, Ind.; and Vancouver, British Columbia, Canada.  For more information, call 1-800-AIR-BRAKE (1-800-247-2725) or visit http://www.bendix.com/. Â
About Kit Masters, Inc.
Kit Masters, Inc. manufactures and/or markets the industry's highest quality, completely remanufactured fan clutches, fan clutch rebuild kits, thermoswitches, solenoid valves and fan blades, for the heavy-duty and medium-duty markets. Visit us on the web at http://www.kit-masters.com/ or call
1-800-810-9110.
Bendix CVS Divests Fan Drive Business Added: (14.01.2010)
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