Stemco completes acquisition of Crewson
Stemc0 announces the acquisition of the remaining interest of the Stemco Crewson, LLC joint venture from Tramec, LLC.
The joint venture was formed in 2009 to expand Stemco’s brake products offering to include automatic brake adjusters, the company says. The purchase of the remaining interest in the joint venture will allow Stemco to accelerate investment in new product development and commercial strategies focused on growth in the brake products segment, the company says.
Stemco Crewson will continue to provide automatic brake adjusters to the commercial vehicle market worldwide. Stemco says the product line offers several unique inventions such as the patented “Auto Check” feature that allows the fleet to quickly and visually determine if the brakes are in proper adjustment. Clearance sensing for more accurate brake adjustment also is an advanced feature of the Stemco Crewson ABA, the company says. Other innovations include “Cam Guard” which is a highly effective lubrication system that eliminates seizing and corrosion and a patented installation template used for precise installation every time, Stemco says.
“This acquisition is a key element to the growth strategy of the business,” says Jim Reis,vice president/general manager of Stemco Brake Products. “We will continue to innovate and expand with unique offerings while continuing to provide industry leading brake certification training for the commercial vehicle market.”