Remy International acquires assets of USA Industries
Remy International acquired substantially all assets of USA Industries, a Bay Shore, N.Y., manufacturer, remanufacturer and distributor of starters, alternators, CV axles, and disc brake calipers for the light-duty aftermarket.
"This is an exciting transaction for both organizations," said Remy CEO and President, Jay Pittas. "One of our key growth strategies is to leverage our distribution channels to enhance our rotating electrics portfolio and expand beyond our core rotating electric products. This acquisition accomplishes both as USA has an outstanding reputation with strong product distribution and a diverse product line that includes CV axles, calipers as well as rotating electrics."
"I'm proud to be joining Remy," said Vince Trapani, President of USA. "We are becoming part of a great global company. USA will benefit from Remy's distribution and global reputation, and we will add to Remy's coverage. We can serve our aftermarket customers better together, by offering more complete coverage and better distribution."
Pittas added that this partnership creates synergies by combining products, distribution, and sales forces. "Both the light-duty Remy and heavy-duty Delco Remy brand products will be available through USA's distribution centers."
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