Federal-Mogul To Buy Affinia Chassis Components Business

(RTTNews) - Federal-Mogul Corp. (FDML) said Wednesday that it has entered into a definitive asset purchase agreement to acquire Affinia's chassis components business. 

The Affinia business serves leading U.S. aftermarket customers with branded and private label chassis product lines. 

The deal is subject to customary regulatory approvals.

When fully integrated, Federal-Mogul's chassis business will include a wider range of wheel-end and steering products, including tie rods, ball joints, suspension and steering linkages, and alignment products; covering a greater portion of the U.S. car and pickup truck population, including foreign nameplates and heavy-duty applications.

Federal-Mogul will continue to offer products through its widely recognized MOOG chassis components brand and will also serve U.S. automotive aftermarket distributors and retailers with private label branded components.