BU Drive, IPD In Joint Venture
Industrial Parts Depot (IPD), LLC of Torrance, Calif., and BU Drive USA, Inc., part of the Germany-based BU Drive group, have created a joint venture called IPD Turbocharging Systems.
The new organization will provide sales and service for BorgWarner, Holset, IHI, and Mitsubishi turbochargers, and IPD remanufactured turbos.
“Turbochargers are a core component for the servicing requirements of our global distribution network, and are an ideal complement to our growing product portfolio,” said Russell Kneipp, president of IPD.
Jack Lorimer, CEO of BU Drive USA, said, “The combination of BU’s turbocharger and remanufacturing technical expertise worldwide, along with IPD’s sales, distribution, manufacturing, and quality processes, is a recipe for success in the critical and complicated business of turbocharging.”