BBB Industries Acquires Remy Power Products’ North American Rotating Electric Business

[APF 28]

BBB Industries announced it has acquired the equity interests of the Remy North American rotating electric business, consisting of World Wide Automotive and Remy Mexico Holdings, more commonly known as Remy Power Products.

“Remy Power Products brings a century of OE experience to the automotive aftermarket, delivering industry-leading starter and alternator coverage for domestic and import passenger vehicles,” BBB Industries said in a news release. “Automotive service professionals value and trust the Remy brand for benchmark-quality rotating electrics, responsive support and world-class technical training.”

The transaction encompasses the entirety of Remy’s North American rotating electric business, BBB Industries noted.

“Remy’s remanufacturing expertise and market understanding along with its proven ability to provide high-quality products is a natural complement to BBB,” BBB Industries CEO Duncan Gillis said. “The Remy brand has a rich history, and I am excited about the opportunity to bring this added value to our existing and new customer relationships.”

Dave Overbeeke, CEO of Remy Holdings, added: “With continuity for our customers a key transaction priority, we are confident that BBB’s excellent aftermarket reputation and scale in rotating electrics will enhance the customers’ overall experience.”

Founded in 1987, BBB Industries produces remanufactured starters, alternators, hydraulic and air disc-brake calipers, power-steering products and turbochargers for OEM and aftermarket applications.

Source: https://www.counterman.com/bbb-industries-acquires-remy-power-products-north-american-rotating-electric-business/