Magnum Gaskets will enhance Dana’s sealing product offerings and complement the company’s Victor Reinz and Glaser global sealing brands, the company says.
“This acquisition aligns with Dana’s growth strategy and our company’s global position as a preeminent supplier of gaskets and sealing technologies for original-equipment manufacturers and our aftermarket customers,” says James Kamsickas, Dana president and CEO. “This strategic action will enable Dana to increase customer satisfaction, while accelerating our aftermarket growth by expanding our portfolio of products and the geographical regions in which we operate.”
The Magnum Gaskets brand offers a broad range of gasket solutions, including cylinder head, valve cover, oil pan, and manifold gasket sets for the North American automotive aftermarket. Distribution of Magnum Gaskets to existing customers will not be disrupted as a result of the acquisition, Dana says.
“The aftermarket sealing business is a priority for Dana, and we are proud to add Magnum Gaskets to our portfolio of well-respected aftermarket brands, expanding Dana’s market position as a world leader in gasket and sealing technologies,” says Doug Wolma, vice president and general manager of the Dana Aftermarket. “We are pleased to have another outstanding product offering within our aftermarket business to better meet our customers’ needs in North America and around the world.”
