Remy Acquisition Broadens Product Line, Distribution
Remy International, Inc. said it has acquired substantially all assets of USA Industries, a Bay Shore, N.Y., manufacturer, remanufacturer and distributor of starters, alternators, CV axles, and disc brake calipers for the light-duty aftermarket. No financial details were provided.
"This is an exciting transaction for both organizations," said Remy CEO and President, Jay Pittas. "One of our key growth strategies is to leverage our distribution channels to enhance our rotating electrics portfolio and expand beyond our core rotating electric products. This acquisition accomplishes both as USA has an outstanding reputation with strong product distribution and a diverse product line that includes CV axles, calipers as well as rotating electrics."
Pittas added that the acquisition creates synergies by combining products, distribution, and sales forces. "Both the light-duty Remy and heavy-duty Delco Remy brand products will be available through USA's distribution centers," he said.
Headquartered in Pendleton, Ind., Remy International is a global manufacturer and remanufacturer of alternators, starter motors and electric traction motors for light and commercial vehicles, locomotives and hybrid vehicles.