Tenneco is pleased to announce that the company has acquired new aftermarket businesses in the third quarter of this year, which in turn will amount to about $11 million in incremental sales revenue. The biggest of these contracts is said to be a new ride control business. As the story would go, this new partner was previously handled by another competitor, but has decided to shift to Tenneco. The rest of the newly-acquired contracts include four clients regarding the company’s ride and emission control auto products.

Neal Yanos, Tenneco Senior Vice President & General Manager in the division of North American Original Equipment, has this to say on the company’s well planned business growth: “Tenneco’s powerful and well-known brands coupled with our strong distribution capabilities distinguish us in this market. We are pleased to win new business and look forward to serving these customers with Tenneco’s premium Monroe(R) and Walker(R) products and outstanding marketing support.”

Accordingly, the Monroe ride control products are mainly produced and manufactured at Tenneco’s Parts Facility in Paragould, Arkansas, while the Walker exhaust products takes up production at its another facility in Harrisonburg, Virginia.

Tenneco is anticipating a $5 million charge in the third quarter of the year for client changeover costs, as well as expenses incurred in replacing competitors’ products with Tenneco products in the concerned retail outlets.

Stated below is Tenneco’s brief profile and accomplishments, as taken from the company’s press statement:

Tenneco is a $4.7 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco is one of the world’s largest designers, manufacturers and marketers of Aftermarket Performance Parts, specifically on the emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe(R), Walker(R), Gillet(TM) and Clevite(R)Elastomer brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R) mufflers, Dynomax(R) performance exhaust products, and Clevite(R)Elastomer noise, vibration and harshness control components.

This entry was posted on Friday, October 12th, 2007 at 5:56 am and is filed under Aftermarket Performance Parts news, Aftermarket Performance Parts community. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.