Federal-Mogul in strategic piston rings acquisition

Federal-Mogul has acquired the Daros Group, a privately-owned supplier of piston rings for large-bore engines used in industrial energy generation and commercial shipping,

“The market for industrial engine piston rings is growing, as global energy companies and expanding global logistics providers require additional power generation and shipping capacity,” said José Maria Alapont, the company’s president and CEO.

He added: “This acquisition also will enable Federal-Mogul to capitalise on new market growth utilising integrated global engineering and manufacturing capacity.  Federal-Mogul expects further sales opportunities in global industrial markets as customers increase orders for industrial engine refurbishment.”

The Daros business adds approximately 220 employees to Federal-Mogul’s global operations and the acquisition includes manufacturing locations in China, Sweden and Germany.

After the Daros business is integrated into Federal-Mogul, industrial piston rings will be sold under the Federal-Mogul Goetze and Daros brands, according to their respective market presence and engine type.

Published by emmabutcher

Emma has been CAT's editor since January 2008. There isn't much she doesn't know about the aftermarket - and her favourite topic is definitely BER!

Leamoco and M1 acquired by AAG

Former IFA and Groupauto member

Read More

In Pictures: It’s a wrap for Fleet Factors

TMD branding on Teeside-based chain’s vehicles

Read More

DVLA ‘ghost records’ highlight EU driving licence loophole

Licence holders that do not update details are causing a headache for insurers

Read More

Over half of garages preparing to increase prices

Survey shos increasing parts prices, coupled with cost of living, is bringing workshops to increase rates

Read More

GSF Car Parts looks ‘Beyond Tomorrow’ with national staff conference

First all-hands meeting since November rebrand

Read More

Go to comments

Your email address will not be published. Required fields are marked *