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- Investment in Aftermarket Electronics
27.11.2024 | Press release
Investment in Aftermarket Electronics
Plymouth, MI., (USA), November 27, 2024 – Freudenberg-NOK Sealing Technologies announced today that it has acquired Toledo Driveline, LLC., an Ohio-based aftermarket company that specializes in electronics and select hard parts for the aftermarket industry. The sale, part of a purchase agreement the company signed earlier this month with Seal Aftermarket Products (SAP), LLC., offers Freudenberg Sealing Technologies direct access to original equipment-quality electronic parts produced for aftermarket customers. Toledo Driveline will be integrated into Freudenberg Sealing Technologies’ Corteco Division. The financial terms of the SAP-Toledo Driveline transaction were not disclosed.
“The acquisition of Toledo Driveline adds another strategic element to our growing aftermarket business in North America and in other parts of the world,“ said Dr. Christian Dickopf, Senior Vice President of Freudenberg Sealing Technologie’s Corteco Division. “We can now offer aftermarket customers a complete portfolio of components, including seals, metal components and electronics produced to address the specific requirements of internal combustion transmission repairs and rebuilds.”
Toledo Driveline provides miscellaneous transmission hard parts and electronics, such as drums, planetaries, and solenoids. The company also offers customers expert engineering services and industry experience.
Corteco specializes in the Independent Aftermarket with kits and components manufactured under the Corteco and TransTec brands. The division recently purchased SAP, and SAP brands like Toledo Trans-Kits™ (TTK) will be maintained under the acquisition.
Further information about the SAP transaction can be found here: Strategic Expansion
Ulrike Reich
Head of Media Relations & Internal Communications
Telephone: + 49 (0) 6201 960 5713
ulrike.reich@fst.com chevron_rightNews Service
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