Stemco acquires drum brake manufacturer
LONGVIEW, Texas — Stemco has announced the acquisition of Motor Wheel Commercial Vehicle Systems, a manufacturer of brake components, including drums and component assemblies for heavy-duty trucks.
The business was acquired from Precision Partners Holding Company for cash. Terms were not disclosed.
The new business will become part of Stemco’s brake products group, the company announced.
The primary product offered by the company is the CentriFuse brake drum for heavy trucks and commercial trailers. Stemco says the patented design provides a superior braking surface that resists wear while the lightweight design improves fuel economy and payload capacity.
“The acquisition of Motor Wheel aligns with our strategic direction and will enable us to offer a more complete line of premium brake system components,” said Jon Cox, president of Stemco. “This lightweight, high performance brake drum coupled with our brake lining and new brake shoes creates a unique value proposition for today’s fleet customers.”
Stemco says brake drums are the fourth braking product it has added to its portfolio since the third quarter of 2009.
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