Transtar Industries Inc., a provider of driveline solutions,announced that it has acquired D&E Automotive, a supplier of original equipment and aftermarket transmission replacement parts. The combined entity will be based at Transtar's current home office in the Cleveland suburb of Walton Hills, Ohio.
Like this article? Sign up to receive our weekly news blasts here."We are very excited about the acquisition, and what it means to our company, our customers and our industry," says Greg Gyllstrom, Transtar CEO. "Our organizations have shared the same values, and we look forward to combining forces in order to better serve even more customers."
Howard Tenebaum, owner of D&E Automotive, says, "I have had tremendous respect for Transtar over the years. We are both based on a very customer- centric philosophy, and I anticipate a smooth transition for both our customers and employees."
Transtar's distribution network consists of more than 70 locations in the USA, Canada and Puerto Rico, and an international division that serves a global network of aftermarket automotive distributors in 80 countries. D&E has six locations throughout the Midwest.
"We are now available to offer our diverse and comprehensive product line to a broader customer base," says Neil Sethi, president, Driveline Distribution Group. "D&E customers will have access to products previously unavailable to them, such as Complete Transmission Units, Standard Parts and Different Kits and Components."
"The sum of the parts is truly greater than the whole in this situation," Gyllstrom continued. "We have already begun to implement plans to leverage the best of these two industry-leading organizations to give our customers the best service and most comprehensive product line in the industry."
Transtar Industries, Inc. is a worldwide manufacturer and distributor of quality driveline parts and services to the motor vehicle replacement parts industry. The company distributes a product line consisting of automatic and standard transmission units, rebuilder kits and components, Recon remanufactured torque converters and hard parts, and other driveline solutions. Growing for over three decades, the Transtar business has expanded to more than 75 locations in North America and 80 countries globally.
