Bendix CVS divests fan drive business

Bendix Commercial Vehicle Systems LLC (Bendix CVS), a member of the Knorr-Bremse Group, has completed the sale of its fan drive/clutch business and related assets to Kit Masters Inc for an undisclosed amount.

Kit Masters, a Perham MN-based manufacturer of heavy-duty aftermarket components, specializes in remanufactured fan drives, rebuild kits, and related accessories.

The transaction—which closed Dec 21, 2009—immediately divests the assets associated with the Bendix fan drive operations to become a part of the Kit Masters product offering. Kit Masters will manufacture, distribute, and sell fan drive products under the existing Torquemaster, FD-1, FD-3, and FD-L brand names.

This divestiture will provide Bendix CVS the opportunity to continue its increased focus on expanding system solutions in the areas of energy management, specifically fuel savings and emission-reducing technologies for diesel-powered commercial vehicles.

TAGS: Archive
Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish