The acquisition of Canadian Engine Parts 1 Inc. will allow MAHLE Clevite Canada ULC to deliver value-added initiatives to its customer while strategically positioning the company to better service the Canadian engine parts market. The acquisition, which involves five warehouses, transfers ownership of Engine Parts 1 to MAHLE. "The acquisition of Engine Parts 1 is a great arrangement for our customers," says Michael Tate, MAHLE Clevite general manager. "It allows us to deliver our premier engine parts, combined with the utmost level of service and engine expertise that we are known for." This transaction also supports the implementation of several value-added initiatives that will allow MAHLE Cleveite to focus directly on servicing the engine parts aftermarket in concert with its customer base. In addition, the acquisition assures the company's valued customers of its long-term commitment for the supply of MAHLE Original, Clevite, Perfect Circle and Victor Reinz products. MAHLE Clevite Inc. is a global supplier of pistons, valve train parts, engine bearings, piston rings and engine gaskets. MAHLE Clevite brands include MAHLE Original® pistons, assemblies, valves, cylinder liners, Clevite® engine bearings and engine parts, Victor Reinz® gaskets and Perfect Circle® piston rings. In addition, Clevite®, Victor Reinz® and Perfect Circle® are official NASCAR® Performance Products. For more information about MAHLE Clevite, visit the company's Web site. |
