Hendrickson Acquires Business from STEMCO
Release date: 8/17/2020
For Immediate Release
For more information contact:
Mark Slingluff
Hendrickson
Director Global Marketing and Communications
+1 330 489-0050
mslingluff@hendrickson-intl.com
Hendrickson Acquires Business from STEMCO®
WOODRIDGE, Ill. (August 2020) – Hendrickson acquires the Motor Wheel Brake Drum & Crewson slack adjuster business segments, based in Chattanooga TN and Berea KY, from STEMCO® and parent company EnPro Industries.
The business segments will operate as a division of Hendrickson Truck Commercial Vehicle Systems. The Motor Wheel & Crewson names will be kept and used as a product name going forward.
“This acquisition will provide a platform for Hendrickson to advance our light-weight drum brake system performance and provide components that will complement our existing product portfolio. We look forward to working with our new associates and strengthening our business ultimately serving the commercial truck and trailer industry,” stated Gary Gerstenslager, president and chief executive officer Hendrickson.
Hendrickson, a Boler company, is a leading global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and non-integrated axle and brakes systems; tire pressure control systems; auxiliary lift axles systems; parabolic and multi-leaf springs; stabilizers; and bumper and trim components to the global commercial transportation industry. Hendrickson, based in Woodridge, Ill., USA, continues to meet the needs of the transportation industry for more than 100 years. Visit Hendrickson at www.hendrickson-intl.com