Colleen Horn Doyle, legal counsel for McCarthy Tire Service Inc., has been named to the prestigious “2017 Pennsylvania Rising Stars” list by Super Lawyers, a national rating service of outstanding lawyers.
Sensata Technologies B.V. has reached an agreement to buy tire pressure monitoring systems manufacturer Schrader International Inc. from private equity firm Madison Dearborn Partners LLC for $1 billion.
Sensata Technologies B.V. is a wholly owned indirect subsidiary of Sensata Technologies Holding N.V. based in Alemelo, Netherlands.
Sensata says the transaction provides TPMS and additional low pressure sensing capabilities that address large and fast growing sensing markets. The transaction is subject to regulatory approval and is expected to close during the fourth quarter of 2014.
Schrader is headquartered in Denver, Colo., and has sales and engineering offices in the United States, the United Kingdom, Germany, China, Japan and South Korea. Manufacturing facilities are located in the United States, United Kingdom, France, Brazil and China. The company employs 2,500 people globally, including over 300 engineers.
Schrader is expected to generate approximately $550 million in revenue in 2014, according to Sensata.
Schrader pioneered TPMS for global OEMs, a safety feature now standard on all cars in North America and growing globally in Europe and Asia. Fuel economy and safety regulations in each region are driving the rapid adoption of TPMS and Schrader has obtained over 50% market share in these regions, according to Sensata.
"The acquisition of Schrader extends Sensata's leadership position in pressure sensing and provides further access to a rapidly growing $2 billion low pressure sensor market where the largest current opportunity is in TPMS," says Martha Sullivan, Sensata Technologies president and chief executive officer.
“The addition of Schrader to Sensata's product portfolio makes sense strategically and operationally; we are aligned on our plans to continue to grow the business," says Hugh Charvat, Schrader chairman, president and chief executive officer.
Sensata Technologies is a world supplier of sensing, electrical protection, control and power management solutions with operations and business centers in eleven countries. For more information, visit Sensata's website at www.sensata.com.
Schrader is a global manufacturer of sensing and valve solutions for automotive and industrial businesses. For more information, visit www.schraderinternational.com.
The new General Grabber APT from Continental Tire the Americas LLC is an all-purpose-terrain tire designed for on-road, off-road and snow performance.
Tireco Inc.'s new mobile responsive website for Milestar tires is designed to showcase updated news, features and available tire sizes while serving as a hub for consumers to interact with the Milestar brand.
Tire Industry veteran Chris Tolbert has joined Kenda USA's North American Automotive Business team as director of business development. He will report to Vice President Brandon Stotsenburg, who says Tolbert will help "accelerate Kenda’s strong sales and brand awareness in the PCR and LTR segment with premium performance at a value price.”
Ride Control LLC has launched its Gabriel website training menu with a series of training options as an expansion of its Answerman technical service offerings. This includes videos, technical bulletins, online catalogs and FAQs for both light and heavy-duty vehicles.
Hankook Tire Co. Ltd. posted income before taxes of 3.1 trillion won on net sales of nearly 17.3 trillion won for the second period ended June 30, 2017. That compares to income of 2 trillion won on sales of 16.4 trillion won for the same period in fiscal 2016.
Beginning this week Hankook Tire America Corp. tire dealers are partnering with the Disabled American Veterans (DAV) organization, hosting events that offer free services to veterans in their communities.
The Tire Industry Association (TIA) will host Automotive Tire Service (ATS) instructor classes Oct. 10-13, 2017, in Louisville, Ky.
Mighty Distributing System of America Inc. has released an improved brake program that provides a “better” and “best” solution for automotive repair facilities and their customers.
Members of the Tire Dealers Association of Western Pennsylvania are invited to gather at this weekend's Pittsburgh Pirates game.
Robert Bosch LLC added coverage for vehicles from Cadillac, Chrysler, Dodge, Ford, Fiat, Hyundai, Mazda, Kia, Jeep, Scion and Subaru in August 2017.
Tire Rack Inc.’s latest test set to define what makes a tire a good value. Is it all about price, or what a consumer gets for his or her money? Tire Rack tested three entry-level tires against what it considers one of “the best bang-for-your-buck” touring tires on the market — the General AltiMax RT43.
Who is Dave Marks? He is the new CEO and president of the Independent Tire Dealers Group LLC (ITDG). He replaced Michael Cox, who retired on Aug. 1, 2017.
The Automotive Aftermarket Riders’ Club (AARC) seeks riders, sponsors and pledges for its annual motorcycle ride to fund industry scholarships and educational initiatives for the University of the Aftermarket Foundation.
Cooper Tire & Rubber Co.’s scientists have completed a five-year $6.9 million federal grant to produce and road test concept passenger tires made with guayule plant-based polymers.