Posted June 21, 2010
Federal-Mogul acquires piston maker
Federal-Mogul has acquired the Daros Group, a maker of piston rings for large-bore engines used in industrial energy generation and commercial shipping.
The company has operations in China, Germany and Sweden. Details of the transaction were not disclosed.
"The market for industrial engine piston rings is growing, as global energy companies and expanding global logistics providers require additional power generation and shipping capacity. Federal-Mogul and Daros have a strong, complementary product portfolio and global footprint," said Jose Maria Alapont, Federal-Mogul president and CEO.
The acquisition adds approximately 220 employees to Federal-Mogul's global operations.
