Motorcar Parts of America announced the expansion of its product line with the introduction of in-house developed brake power boosters and turbochargers through an acquisition of ZOR Industries.
“The launch of brake power boosters follows a similar strategic approach to our previous product line introductions – namely working with an existing customer that is committed to our program and supportive of the wide-range of value-added services that enhance the product category. We look forward to the commencement of brake power booster sales in mid-August, following several months of development activities to support a successful launch,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.
Separately, the company said it has completed the acquisition of Winchester, VA-based ZOR Industries, a remanufacturer of automotive, heavy-duty truck, agricultural and industrial turbochargers.
“The acquisition of ZOR Industries provides Motorcar Parts of America with a small customer base and most importantly the technology, people and processes to address a rapidly emerging automotive category,” Joffe said.
