LAKE FOREST, Ill., Nov. 4, 2019 /PRNewswire/ -- DRiV™, the
$6 billion company being built from
the combined strengths of Tenneco Inc.'s (NYSE: TEN) ride
performance and aftermarket business, Federal-Mogul Motorparts and
Öhlins Racing, will attend AAPEX 2019, November 5-7, 2019, in Las Vegas, Nevada. This year's show marks
the first time that many of the aftermarket's best-known and
respected brands are showcased together in one booth, under the
DRiV banner.
"We couldn't be more excited to show customers all the DRiV
aftermarket brands under one roof at this year's show," said
Brian Kesseler, DRiV CEO. "The
breadth and depth of our product lines, our portfolio of legendary
brands, and industry-leading service and support solutions create
diverse opportunities for our customers' growth and
success. We want our customer partners to be the most
successful in the industry, and we know that our success will
follow."
Located at the Sands Expo and Convention Center (second floor),
booth #3217, DRiV debuts a brand-new display highlighting the
products and service capabilities that make DRiV a global player in
the aftermarket industry. Some highlights at the booth
include:
- Fel-Pro® Premium Sealing Solutions:
Designed for the repair environment, Fel-Pro gaskets are
application-specific to provide technicians with easier
installations and a more reliable product — for over 100 years. New
this year are the NextGen PermaTorque® MLS and
PermaDryPlus® gaskets, which are tested and validated
under real-world conditions to ensure they perform on the
road.
- Monroe® Shocks and Struts: Introducing the
Magnum Loaded Strut Assembly, manufactured for larger, more
versatile vehicles that are performing under more rigorous
conditions (towing, hauling, plowing, etc.), without sacrificing
OE-style control, comfort, and durability. Where applicable, each
assembly includes a variable-rate coil spring that automatically
adjusts to the range of loads required by a truck, while
maintaining ride height and control in most operating
conditions.
- MOOG® Steering and Suspension Parts:
The MOOG premium control arm product line has again expanded, with
enhanced structural shape through heat treatment and OE+ metallurgy
for increased strength and durability. MOOG control arms provide
better fit, ride and serviceability.
Also featured are high utilization control arm designs for heavier
loads and harsh driving conditions. These control arms are ready
for the hardest jobs—first responder vehicles, heavy-duty pick-ups,
and commercial vans, to name a few—and provide the extra strength
and durability they need.
- Öhlins® Advanced Suspension Technology:
Öhlins will feature the McPherson Strut Product TTX 46MT, the 4-way
adjustable through rod design McPherson strut, which provides a
wide range of damping adjustments without ever having to remove it
from the vehicle. With utilization of the included valving
reference program, quick tuning during the product development
process occurs, giving drivers maximum performance on the track.
The highly modular, rigid and adaptable architecture allows for
easy fitment to most strut applications.
- Wagner® Braking: Wagner is
known for strong engineering, design and testing of all its
products, including the full Wagner OEX product line,
now available for passenger vehicles (Wagner OEX Car).
Featuring customized shape and slot design, with galvanized plates
and premium shims and hardware to inhibit corrosion, pad life can
last up to two times longer.
- Walker® Exhaust Products: This year, Walker
features its direct-fit converter. Built with OE-style form and fit
in mind and including all hangers, flanges and brackets, converter
installation requires fewer tools and fewer steps, greatly reducing
installation time. These EPA-compliant converters feature premium
substrate material and a high-technology washcoat to ensure
exceptional oxygen storage capacity to reduce emissions and
maintain proper engine performance. Currently, Walker offers 89%
EPA-compliant direct-fit converter market coverage.
Additional product showcases at the DRiV booth include products
and service solutions from quality brands and services such as
Champion®, featuring Champion batteries;
Ferodo® brake pads; Garage Gurus®, DRiV's
"Tech First" initiative that provides the most comprehensive
program of support tools in the industry; Jurid® brakes;
National® oil seals; Abex® heavy-duty brakes;
and FP Diesel® heavy-duty engine components.
To learn more about DRiV, visit our booth during AAPEX, located
on the second floor of the Sands Expo and Convention Center, #3217;
and visit our website at www.driv.com
About DRiVTM - the future Aftermarket and
Ride Performance Company
Following the expected separation of Tenneco to form two
independent companies, an Aftermarket and Ride Performance company
(DRiV™) as well as a new Powertrain Technology company, DRiV will
be one of the largest global multi-line, multi-brand aftermarket
companies, and one of the largest global OE ride performance and
braking companies. DRiV's principal product brands will
feature Monroe®, Öhlins®,
Walker®, Clevite® Elastomers,
MOOG®, Fel-Pro®, Wagner®,
Ferodo®, Champion® and others. DRiV would
have 2018 pro-forma revenues of $6.4
billion, with 54% of those revenues from aftermarket and 46%
from original equipment customers.
Safe Harbor
This release contains forward-looking
statements. These forward-looking statements include, among others,
statements relating to our plans to separate into two independent
public companies. Forward-looking statements are subject to a
number of risks and uncertainties that could cause actual results
to materially differ from those described in the forward-looking
statements, including the possibility that Tenneco may not complete
the spin-off of the Aftermarket & Ride Performance business
from the Powertrain Technology business (or achieve some or all of
the anticipated benefits of such a spin-off); the possibility that
the acquisition of Federal-Mogul or the separation may have an
adverse impact on existing arrangements with Tenneco, including
those related to transition, manufacturing and supply services and
tax matters; the ability to retain and hire key personnel and
maintain relationships with customers, suppliers or other business
partners; the risk that the benefits of the acquisition of
Federal-Mogul or the separation, including synergies, may not be
fully realized or may take longer to realize than expected; the
risk that the acquisition of Federal-Mogul or the separation may
not advance Tenneco's business strategy; the risk that Tenneco may
experience difficulty integrating all employees or operations; the
potential diversion of Tenneco management's attention resulting
from the separation; as well as the risk factors and cautionary
statements included in Tenneco's periodic and current reports
(Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC.
Given these risks and uncertainties, investors should not place
undue reliance on forward-looking statements as a prediction of
actual results. Unless otherwise indicated, the forward-looking
statements in this release are made as of the date of this
communication, and, except as required by law, Tenneco does not
undertake any obligation, and disclaims any obligation, to publicly
disclose revisions or updates to any forward-looking statements.
Additional information regarding these risk factors and
uncertainties is detailed from time to time in the company's SEC
filings, including but not limited to its annual report on Form
10-K for the year ended December 31,
2018.
CONTACT:
Bill Dawson (DRiV) –
847.482.5807
bdawson@driv.com
Karen Shulhan (DRiV) –
248.354.4383
karen.shulhan@driv.com
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SOURCE DRiV