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,
â€œThe market for industrial engine piston rings is growing, as global energy companies and expanding global logistics providers require additional power generation and shipping capacity,â€ said JosÃ© Maria Alapont, the companyâ€™s president and CEO.
He added: â€œThis acquisition also will enable Federal-Mogul to capitalise on new market growth utilising integrated global engineering and manufacturing capacity.Â Federal-Mogul expects further sales opportunities in global industrial markets as customers increase orders for industrial engine refurbishment.â€
The Daros business adds approximately 220 employees to Federal-Mogulâ€™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.