Ownership change at Ride Control

MAT Holdings has taken ownership of Ride Control from OpenGate Capital. Ride Control produces the Gabriel line of shock absorbers, supplying shocks and struts to light vehicle and heavy-duty original equipment markets as well as to the aftermarket.

Gabriel’s business fits into the existing set of MAT companies providing a unique product line along with the strength of a well-known and respected brand, MAT said.

“We are energized by the future potential for growth and expansion as we look forward to a long and mutually beneficial relationship with MAT Holdings, Inc.” said Lisa Bahash, president of Ride Control, LLC.

“MAT is extremely excited about this acquisition. There are tremendous synergies between our businesses and this will position our company to uniquely serve the OE and aftermarket needs of the passenger and commercial vehicle segments for years to come,” said MAT Holdings CEO Steve Wang.