Hendrickson USA LLC, Woodridge, Illinois, has acquired the Stemco Motor Wheel brake drum and Crewson brake adjuster brands from Stemco, a specialized truck equipment manufacturing company, and its parent company EnPro Industries.
The business segments will operate as a division of Hendrickson Truck Commercial Vehicle Systems. The Motor Wheel & Crewson names will be kept and used as product names going forward.
“This acquisition will provide a platform for Hendrickson to advance our lightweight drum brake system performance and provide components that will complement our existing product portfolio. We look forward to working with our new associates and strengthening our business ultimately serving the commercial truck and trailer industry,” says Gary Gerstenslager, president and chief executive officer Hendrickson.
“After announcing the exit of Stemco’s Motor Wheel brake drum and Crewson brake adjuster brands on June 25th, we were pleased to receive an offer from Hendrickson to purchase the assets and to continue operating the business. This transaction represents a positive outcome for all stakeholders as it preserves the jobs of our workforce and mitigates customer disruptions while providing EnPro’s shareholders a fair valuation for the assets of the business,” says Marvin Riley, president and chief executive officer of EnPro.
Hendrickson, a Boler company, is a global manufacturer and supplier of medium- and heavy-duty mechanical, elastomeric and air suspensions; integrated and nonintegrated axle and brakes systems; tire pressure control systems; auxiliary lift axles systems; parabolic and multileaf springs; stabilizers; and bumper and trim components to the global commercial transportation industry.
