Remy International buys Maval Manufacturing
Remy International has announced the completion of Maval Manufacturing Inc. of Twinsburg, Ohio, the manufacturer, remanufacturer and distributor of steering systems, components and speciality products to the automotive and speciality vehicles market.
"We are extremely excited about this strategic acquisition as it adds a completely new product line that is very complementary to the Remy portfolio," said Jay Pittas, Remy president and CEO. "These unique products will provide more value to our customers who look to us to help them manage ever increasing demands and availability of high-quality products for the aftermarket."
According to Remy, Maval Manufacturing was the first independent remanufacturer to achieve a QS 9000 ranking for its steering products. The company is a global leader in off-road and classic car steering systems. According to Pittas, Maval's quality, management talent and market position made the company attractive to Remy. Maval will retain its brand identities for the company's core products as well as its Unisteer and Wicked Bilt lines.
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