Federal-Mogul to sell lighting, wiper, and fuelling businesses

SOUTHFIELD, Mich. (Sept. 29, 1999) — Federal-Mogul Corp. plans to sell its automotive and heavy-duty lighting, wiper blade, and fuel businesses so it can focus on building powertrain and braking products.

Federal-Mogul manufactures and distributes Wagner, Blazer, Zanxx, and Signal-Stat lighting products, Anco wiper blades, and Carter fuel system components. The operations generate annual sales of approximately $700 million and employ 5400 people at 14 plants.

“These businesses are known for their quality people, products, and services, but we are strengthening Federal-Mogul’s continued focus on our powertrain, sealing, and brake system offerings,” said Dick Snell, chairman and chief executive officer.

“The potential sale of these businesses with their well-established reputation and brands represents a tremendous opportunity for the right buyer.”