Holley Performance Reorganizes and Emerges From Chapter 11 Bankruptcy
As a result of the reorganization, Holley reduced its debt by over $59 million and obtained new credit arrangements including a revolving credit facility that provides the company with substantial flexibility to pursue its growth initiatives. According to the company’s Chief Executive Officer, Tom Tomlinson, “Holley has emerged with an extraordinarily strong balance sheet which
Respect Between Shops and Stores Strengthens Both
I have been lucky enough to make sales calls on hundreds of machine shops over the past 30-plus years. Some are still here today and sadly, some are not. In that time I have met a few machine shop owners who were hard working and quite successful. They put in their years, formed an exit
Babcox Media Acquires Motorcycle Product News
Babcox Media Inc. is pleased to announce its acquisition of Motorcycle Product News (MPN) magazine, effective April 1, 2010. The addition of MPN to Babcox’s extensive portfolio of print publications and related digital properties will extend the company’s reach into the motorcycle and powersports markets. Babcox has acquired the title from Athletic Business Publications Inc.,
Howards Cams Completes Purchase of Custom Camshaft Co.
The purchase fof CCC will enable increased production capacity and new production capabilities, according to a spokesman for Howards Cams. Engine builders will now have even more options for custom grind development. Included in the assets of the purchase is a Landis 3L CNC cam-grinding machine, a well regarded name in cam grinding equipment. According
Performance Motorsports Inc. Acquires Innovate Motorsports Inc.
The acquisition of Innovate Motorsports Inc. will enhance PMi’s position as a leading supplier of technologically sophisticated performance products for the automotive and powersports aftermarkets. The PMi group of companies currently includes leading brands such as JE Pistons, Wiseco Performance Products, K1 Technologies and ProX Racing Parts. “Innovate Motorsports is an exciting addition to our
Navistar Acquires Engine Components Business from Continental, Forms New Operating Company
Navistar Inc. has concluded an agreement to acquire certain assets andthe membership interests of Continental Diesel Systems US LLC tomanufacture key fuel injection components for its MaxxForce dieselengines. As part of Navistar’s industry leadership strategy, thecompany also will establish a dedicated research and developmentfacility to support Navistar’s diesel power system components. Thecompany, renamed Pure Power
A Winning Pair
The Automotive Parts Rebuilders Association (APRA) and the Automatic Transmission Rebuilders Association (ATRA) will both be holding their annual expositions at the Riviera Hotel and Casino in Las Vegas prior to the AAPEX and SEMA Shows. Combining the two shows – APRA’s The BIG R Show and ATRA’s Powertrain Expo – into one all-encompassing exhibit
Enginetech Receives 2008 Jasper Engines Preferred Partner Award
Enginetech Inc. has received the prestigious 2008 Jasper Engines & Transmissions Preferred Partner Award for the 7th time. Jasper Engines has recognized Enginetech for outstanding customer service, willingness to develop new products, lowering on-hand inventory levels, while continuing to find creative solutions to lower Jasper’s total acquisition cost. A highly valued customer since 1983, Enginetech
Visteon Aftermarket and Proliance International Combine to Form Vista-Pro Automotive
CentrumEquities XV, a holding company that had previously acquired selectaftermarket assets of Visteon Corp. in 2008, has acquired substantiallyall of the North American assets and operations of ProlianceInternational and renamed the combined operations Vista-Pro Automotive. Vista-Pro combines Centrum, a leading North American designer,manufacturer and distributor of aftermarket climate control productssuch as radiators, condensers and
Tiffin Expands Forklift Engine Parts Line
TIFFIN PARTS LLC, a business unit of Pettibone LLC, which is an affiliate of The Heico Companies, has introduced 33 new items for 3 new engine kits supporting the engine rebuilder market. Mark D. Knight, President of TIFFIN PARTS, stated that the expanded product offering was in response to customer requests for supporting newer Nissan
EngINtel: Recycled Coolant
There isn’t one of us who has not been affected or knows someone who has been affected by the economic crisis, downturn, recession or whatever catch phrase is being used this week in an effort to try and keep us from focusing on one reality that we all are aware of – the cupboards are
The MAHLE Group Appoints Dan Moody as New General Manager
During his 3-year career with the MAHLE Group, Moody has served as a key coordinator of several acquisition projects, including the Dana Engine Parts business. Most recently he led the MAHLE Clevite Global Bearing business. In his new role, Moody will assume the management responsibilities for all North American Aftermarket activities, which include MAHLE Clevite
Understanding Dyno Numbers’ Place in Your Business
It is very difficult to cover all of what you need to know about dyno testing in an article of this length, but perhaps I can take a swing at nailing some of the critical information down. Dyno testing is an important part of engine development programs and can provide an improvement in quality control
PROFormance Technologies Sells Mexican Remanufacturing Interest
PROFormance Technologies, LLC has announced that Administradora deAutopartes Remanufacturadas, S.A. de C.V., (Trade Name MexiMotor), hasacquired their interest in Automotive Remanufacturers de Mexico, S. deR.L. de C.V., an established automotive parts remanufacturer located inAguascalientes, Mexico. The acquired interest that PROFormance held waspreviously a business segment of Recon Automotive Remanufacturers andwas part of a sale of
Lunati Returned to Private Ownership
Lunati staff made an interesting discovery at the recent PRI Trade Show in Orlando. They found out that many engine builders, former customers, and potential customers were unaware that Lunati had been restored to private ownership. Thus they didn’t know the company had returned to its roots as the Racer’s Company, that the original
EngINtel: Practical Builder Tips To Common Questions
Since you all indulged me last month with editorial musings, thismonth will be a couple of Practical Builder Tips (PBTs) that shouldkeep you out of hot water from time to time. They’re somewhat genericbut have been popping their ugly heads in all types of engines and theyhave no manufacturer preference so no one is immune.
Eaton Acquires Indian Engine Valves Business
Eaton Corp. has acquired the engine valves business of Kirloskar Oil Engines Ltd. The engine valves business employs approximately 500 people inIndia and had 2007 sales of approximately $5 million. The businessdesigns, manufactures and sells intake and exhaust valves for dieseland gasoline engines. Terms of the transaction were not disclosed. "Through this acquisition, we will
Managing Charges In Times of Great Change
What do you do when nothing seems familiar anymore? When everychallenge appears different and somehow inconsistent with anythingyou’ve ever seen before? It’s easy to say “Improvise. Adapt. Overcome.” But, this isn’t theMarine Corps. And, if that’s all you are doing, if everything you faceis an exception to the rule because none of the rules seem
MAHLE Acquires Clemex Mexico S.A. de C.V
The Stuttgart-based MAHLEGroup has acquired the total shares of Clemex Mexico S.A. de C.V. andits subsidiaries in Lerma, Mexico. The company, which will continue to operate under the name ClemexMexico S.A. de CV until early 2009 when it is merged into the MAHLEGroup, produces engine bearings and bushings for the automotiveaftermarket and global automotive OE
Machine Shop Market Profile – Part 1
When life starts handing out lemons, say the feel-good self-help gurus, the smart money is on the person who not only makes lemonade but figures out a way to sell it for a profit. While the readers of Engine Builder might be hard-pressed to find time to manage a lemonade stand, the analogy still applies: