NEW HORIZONS Following last year’s acquisition of Federal Mogul by Tenneco Inc, Federal Mogul Hungary Ltd is now a key part of one of the world’s leading producers of Ride Performance and Clean Air auto solutions.
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October 2018 Tenneco Inc., one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for automotive and commercial vehicle original equipment markets and the aftermarket, announced the acquisition of Federal-Mogul LLC, the leading global supplier to original equipment manufacturers and the aftermarket. A key European operation acquired in the transaction was the Federal Mogul production facility at Kunsziget in Hungary. The Hungarian plant produces four main products – static cold gaskets, dynamic seals, vale stem seals and wiper blades. The company’s main brands, which include Champion, Moog, Ferodo, Beral, Payen, Goetze, Nural, AE, Glyco and FP-diesel, are well known names across Europe; it supplies autoparts to 98.5 per cent of European vehicles. Products manufactured at Kunsziget are deliv54 Industry Europe
ered direct to the customer on a just-in-time basis, whether engine builders or automotive assembly plants. The nearest customer is Audi’s Hungarian engine plant 20km away in Győr, but the company also supplies many other prominent automotive companies including BMW, Volkswagen and Daimler, as well as autopart manufacturers including Continental and Bosch.
Two new Companies Following the Federal Mogul acquisition, Tenneco is separating its businesses lo form two new, independent companies, an Aftermarket and Ride Performance company as well as a new Powertrain Technology company. The aftermarket and ride performance company will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking compa-
