Transtar Industries Acquires ETX, Holding Company of DACCO, Inc.

Transtar Industries, Inc., owner of automotive aftermarket brands including Transtar, Transtar Autobody Technologies, King-O-Matic, Axiom and Nickels Performance, has  announced it has acquired ETX, Inc. from Chicago-based privately held Jordan Industries and private equity firm The Edgewater Funds.

ETX owns DACCO, Inc., a Cookeville, Tenn. supplier of aftermarket transmission replacement parts, torque converters and complete transmissions; Alma Products, an Alma, Mich. manufacturer of torque converters and air conditioning compressors; and ATCO Products, Inc., a Ferris, Texas manufacturer of OE air conditioning, cooling and power steering assemblies and components.

Terms of the sale were not disclosed.

“This acquisition brings together the DACCO and Transtar brands in a historic partnership that will create unsurpassed customer value and an even stronger future for both our companies,” said Tim Bowes, President and Chief Executive Officer of Transtar Industries.

Alma and its 250+ employees have supplied Ford, John Deere, CNH and many other customers with air conditioning compressors, torque converters, clutch and disc assemblies, and transmissions for over 70 years.

ATCO and its 200+ employees have supplied Ford, Paccar/Dynacraft, Navistar and other customers with air conditioning, cooling and power steering assemblies and components since 1967.

With this acquisition, Transtar Industries grows to approximately 2,300 employees and over 130 locations throughout North America.

Transtar Industries, Inc. is a worldwide manufacturer and distributor of quality driveline parts and services to the motor vehicle replacement parts industry. Founded in 1975, the Transtar portfolio has 2,300 employees and a distribution network of more than 130 locations in the USA, Canada and Puerto Rico.

More at: www.transtar1.com.

 

Category: Engines & Drivetrains, General Update, Management