Dana Corp has signed agreements with The Riverside Co, a leveraged buyout firm, to sell these non-core businesses: Tekonsha Engineering Co, based in Tekonsha
Dana Corp has signed agreements with The Riverside Co, a leveraged buyout firm, to sell these non-core businesses:
Tekonsha Engineering Co, based in Tekonsha MI, a manufacturer of aftermarket electric brake controls and related products for the trailer, agricultural, and recreational markets. This transaction includes Dana's SurePull Products facility in Sheridan AR, which produces hitches and towing accessories.
Theodore Bargman Co, based in Albion IN, a manufacturer of exterior illumination products, electrical accessories, and locks and latches.
American Electronic Components Inc, based in Elkhart IN, a manufacturer of sensors, switches, and relays.
The combined operations employ nearly 700 people and had total sales of $81 million in 2001. Transactions are subject to customary closing conditions; terms of the agreements were not disclosed.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Why Mirror Camera Systems are the next step for fleet safety and exoneration While many commercial trucking cameras are similarly marketed, they are not all created equally. The...
Discover how modern fleet maintenance software can drive step-change improvements in shop efficiency, cost control and vehicle productivity, along with how to calculate the ROI...
Anyline’s study, “How Digital AI Solutions Can Enhance Rideshare Safety,” reveals rideshare drivers are overly confident in their tire knowledge, risking passenger safety. Download...
Anyline’s innovation allows accurate tire tread measurement via any mobile device, ensuring legal compliance for fleets. Read more and find out how you can cut operating costs...