STEMCO announced Thursday it will exit the brake products category as part of a series of changes to refocus resources on its core products.
As part of the changes, STEMCO will cease production of the Motor Wheel brake drum and Crewson brake adjuster product lines. After exploring alternatives, STEMCO says it was unable to find a partner to carry the Motor Wheel brake drum and Crewson brake adjuster brands forward. Orders will be taken until July 31, 2020 and shipped based on customer demand. STEMCO will honor warranty needs going forward.
STEMCO also announced it has entered into an agreement to sell the Lunar air disc brake product line and manufacturing facility back to Commercial Vehicle Components, LLC, led by Peter Morse and Jack Mitchell. The transaction is subject to regulatory approval in China, which is expected to take four to six weeks. From now and until regulatory approval is received, there will be no change to ordering, shipping, or invoicing.
Finally, STEMCO says it will no longer distribute STEMCO GAFF polyurethane products. STEMCO will work with customers and GAFF International to ensure a smooth transition.
“We have a rich history of manufacturing the best seals, hub caps, bearings, axle fasteners, king pins, and air springs in the industry. As we diversified our product offering, we got away from what made us a wheel end innovator. With this announcement, we have chosen to focus our resources on continuing to do what we do best; world class manufacturing and engineering, as well as launching innovative and exciting new products,” says Eric Vaillancourt, STEMCO president.
