Current Issue

Federal-Mogul completes acquisition of German Honeywell unit

Comments Email

SOUTHFIELD, Mich. (July 17, 2014) — Federal-Mogul Holdings Corp. has completed the acquisition of certain business assets of the Honeywell Friction Materials business based in Glinde, Germany.

The acquired business operates only in Europe, China and Brazil and not in the U.S.

The acquisition does not include the Bendix friction material business, which Honeywell will continue to operate in the U.S. along with its friction joint ventures in Australia and Southeast Asia, according to Southfield-based Federal-Mogul.

“Bendix is committed to growing its U.S. aftermarket friction business through continued product innovation and also providing the outstanding quality and customer service its customers have come to expect of the Bendix brand,” Honeywell said in a statement.

Federal-Mogul sells the Wagner, Ferodo and Abex brake friction product lines in the global automotive aftermarket. The acquired Honeywell Friction business will provide the company with premium brands, including Jurid, according to Federal-Mogul.

More Polls>

TB Reader Poll

Previous | Published July 29, 2016

Has your business been invaded by people looking to catch, train and battle Pokemon with Nintendo’s Pokemon Go app?

No, not that I'm aware of.
75%
(79 votes)
Yes, but we've banned it for non-paying customers.
4%
(4 votes)
Yes, and we've been happy to have them.
12%
(13 votes)
They've tried, but we've already found all the Pokemon in the shop's vicinity. Gotta catch 'em all!
9%
(10 votes)
Total votes: 106