UK: Tenneco Automotive and Futaba Industrial Co. sign agreements to form a global strategic alliance and establish a joint venture in the U.K
Tenneco Automotive (NYSE: TEN - news) and Futaba Industrial Co. have announced that they have signed a strategic alliance to pursue opportunities to design, manufacture and market emission control products and systems for automotive original equipment manufacturers. In connection with the alliance, the two companies have also entered into a joint venture and asset purchase agreement to establish a joint venture at Burnley, England.
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