STEMCO has acquired manufacturer of Goodyear air springs, as well as Super Cushion and Spring Ride air springs, from ContiTech, a division of Continental Corporation, the company announced. This business unit was part of the business called Veyance that was recently acquired by Continental.
With the acquisition, STEMCO acquires the Super Cushion and Spring Ride lines of truck, trailer and truck cab suspension products, as well as cab seat springs. Also included in the acquisition are the Veyance manufacturing facility in San Luis Potosi, Mexico, the Veyance research and development operations in Fairlawn, Ohio, and all NAFTA related patents and applications, the company said.
"The Goodyear air springs business carries with it a strong brand presence and premium product performance," said Todd Anderson, STEMCO president. "Customers will be able to count on the same consistent product performance and brand attributes, as the products will continue to be manufactured in the same facility and engineered by the same design team with the same support functions, in addition to gaining the support of the entire STEMCO team."
He added, "We are looking forward to the air springs team joining the STEMCO family. Their record of success and growth potential make this an exciting addition to our business. STEMCO's commercial vehicle market focus, superior product technology and outstanding reputation for training and customer support make this acquisition a complement to the STEMCO business strategy."