"This acquisition aligns with Dana's growth strategy and our company's global position as a preeminent supplier of gaskets and sealing technologies for original-equipment manufacturers and our aftermarket customers," said
The Magnum Gaskets® brand offers a broad range of gasket solutions, including cylinder head, valve cover, oil pan, and manifold gasket sets for the North American automotive aftermarket. Distribution of Magnum Gaskets to existing customers will not be disrupted as a result of the acquisition.
"The aftermarket sealing business is a priority for Dana, and we are proud to add Magnum Gaskets to our portfolio of well-respected aftermarket brands, expanding Dana's market position as a world leader in gasket and sealing technologies," said
The terms of the agreement were not disclosed.
About Magnum Gaskets
The Magnum Gaskets brand features complete gasket sets of world-class quality for domestic and imported cars and light trucks, including diesel and performance coverage. For more information, visit www.magnumgaskets.com.
About Dana in the Aftermarket
Powered by recognized brands such as Dana®, Spicer®, Victor Reinz®, Glaser®, Magnum®, GWB®,
Dana is a global leader in the supply of highly engineered driveline, sealing, and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck, and off-highway equipment – Dana provides the world's original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing, and distribution facilities. Founded in 1904 and based in Maumee,
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/dana-holding-corporation-acquires-magnum-gaskets-business-300212617.html
Jeff Cole, 419-887-3535, email@example.com