Stemco Broadens its Brake Business
LONGVIEW, TX — ˜In a cash deal for an undisclosed amount, Stemco has purchased brake-drum maker Motor Wheel Commercial Vehicle Systems (MWCV).
The business will become part of the brake products group of Stemco.
The Livonia, MI-based MWCV has been providing braking systems components for 50 years, offering a full line of braking system hubs, drums, and rotors. The company’s primary product is the CentriFuse brake drum, which, the company claims, is comprised of a braking surface that resists wear while improving both fuel efficiency and payload capacity.
“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,” says Jon Cox, president of Stemco.
Brake drums are the fourth braking product added by Stemco since the third quarter of 2009.
Friction products were added through an agreement to provide brake linings manufactured by Duroline, a Brazilian company, to the North American market; automatic brake adjusters were added through the Stemco Crewson joint venture; and new brake shoes were added through the acquisition of Rome Tool and Die.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.