Commercial Vehicle Components to repurchase STEMCO's disc brake product line

Commercial Vehicle Components LLC has entered into an agreement to repurchase STEMCO's disc brake manufacturing facility and the Lunar disc brake product line. The acquisition is subject to regulatory approval in China and is expected to close in 4-6 weeks.

“We are excited to own our friction facility again, said Jack Mitchell, chief operating officer.”vehicleservicepros.com

• 2 sources
• vehicleservicepros.comCommercial Vehicle Components LLC reacquiring STEMCO’s disc brake product line | Vehicle Service ProsJun 26, 2020
• aftermarketnews.comCommercial Vehicle Components Reacquiring STEMCO LineaftermarketNews StaffJun 29, 2020

Summarized from public sources; check the original articles before acting on it.