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Article: Tenneco Automotive to Buy Mexican Catalytic Converter And Exhaust Pipe Assembly Maker
- Article from:
- PR Newswire
- Article date:
- August 7, 1997
CopyrightCOPYRIGHT 1997 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DEERFIELD, Ill., Aug. 7 /PRNewswire/ -- Tenneco Automotive announced today that it has reached agreement to buy Autocan, a Mexican catalytic converter and exhaust pipe assembly manufacturer. Terms were not disclosed.
Located in Puebla, Mexico, Autocan currently supplies catalytic converters and "downpipe" exhaust assemblies for Volkswagen, the largest passenger car producer in that country, as well as for Chrysler and BMW. Passenger car production in Mexico is growing significantly to meet domestic demand, as well as for export.
With 250 employees and anticipated 1997 sales of $25 million, Autocan operates a 60,000-square-foot facility that ...