BBB acquires ATSCO Remanufacturing
- May 21, 2015
BBB Industries of Alabama, USA, has announced that it has agreed to acquire ATSCO Remanufacturing Inc. The transaction is expected to be completed in the second quarter of 2015.
Founded in 1983 and headquartered in Phoenix, Arizona, ATSCO is a leading remanufacturer of automotive power steering products for the North American aftermarket.
Commenting on the transaction, Don Bigler, chief executive of BBB, said: "We are pleased to welcome ATSCO to the BBB family of companies and look forward to continued growth in the power steering product segment with the addition of their products and skills to our power steering business segment."
BBB, one of the largest remanufacturing companies in the US, operates two manufacturing sites in Reynosa, Mexico, with a main facility of 750,000 square feet and one facility in Sparta, Tennessee. Moreover, the company runs nine US warehouses and employs a workforce of around 2,700 employees. BBB is also present in Central and South America as well as in the Middle East and Australia.