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Article: INDUSTRY DIGEST.(News)
- Article from:
- Tire Business
- Article date:
- October 12, 2009
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. 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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Akebono acquires Bosch's N. America brake business
TOKYOTokyo-based Akebono Brake Industry Co. Ltd. has agreed to buy Robert Bosch L.L.C.'s brake manufacturing business in North America for $10 million.
The deal includes Bosch assets to make corner modules, drum brakes, disc brakes, brake calipers and other components, which are expected to generate $580 million in sales this year, Akebono said.
The deal, which includes factories in Clarksville, Tenn., and Columbia, S.C., and other assets, is set to close before year-end, Akebono said.
To carry out the acquisition, Akebono has set up a company, ABMA L.L.C. in Elizabethtown, Ky., the ...