Stemco Completes Goodyear Springs Purchase

LONGVIEW, TX - Less than a month after the truck component supplier Stemco announced its intention to acquire the manufacturer of Goodyear air springs, it completed the deal on July 1. Terms of the transaction have not been released. With the acquisition, Stemco acquires the Super Cushion and Spring Ride lines of truck, trailer and truck cab suspension products, as well as cab seat springs from ContiTech, a division of Continental Corp. This unit was part of the business called Veyance that was recently acquired by Continental. Also included in the acquisition are the Veyance manufacturing facility in San Luis Potosi, Mexico, the Veyance research and development operations in Fairlawn, Ohio, and all North America related patents and applications.