Federal-Mogul, through foreign subsidiary, Federal-Mogul Investments, is to buy privately owned DZV Bearings Company in Dimitrovgrad, Russia.

The deal shoulf be done by the end of this year or early in first quarter 2014, the supplier said in a statement.

It described DZV as "a respected manufacturer of engine bearings, bushings and thrust washers" supplying several Russian original equipment commercial vehicle and industrial engine manufacturers plus the commercial engine repair market.

The company employs 375.

“The acquisition of DZV will expand Federal-Mogul’s strong global position in the engine bearings market and provides an excellent growth platform to increase our presence in the commercial vehicle and industrial engine market in Russia, central and eastern Europe,” said Federal-Mogul bearings head Richard Llope.

The supplier's powertrain unit has a plant in Naberezhnye Chelny producing pistons, piston rings and liners plus a piston factory in Togliatti.

Show the press release

Federal-Mogul Acquires DZV Bearings Company

Company Strengthens its Position in the Russian Automotive Market

Southfield, Mich., USA, 2nd December 2013 … Federal-Mogul (NASDAQ: FDML) today announced that its foreign subsidiary, Federal-Mogul Investments, B.V., entered into a definitive agreement to purchase the DZV Bearings Company, a privately held business located in Dimitrovgrad, Russia. The transaction is subject to customary closing conditions and approvals from regulatory authorities and is expected to close by year-end, or early in the first quarter of 2014. DZV is a respected manufacturer of engine bearings, bushings and thrust washers. It serves several leading Russian original equipment commercial vehicle and industrial engine manufacturers. DZV also supplies the commercial engine repair market. The company employs 375 associates.


“The acquisition of DZV will expand Federal-Mogul’s strong global position in the engine bearings market and provides an excellent growth platform to increase our presence in the commercial vehicle and industrial engine market in Russia, Central and Eastern Europe,” said Richard Llope, senior vice president, Bearings for Federal-Mogul.


Federal-Mogul’s Powertrain unit today operates in Russia a plant in Naberezhnye Chelny producing pistons, piston rings and liners and a plant in Togliatti producing pistons.

Original source: F-M

Auto market intelligence
from just-auto

• Auto component fitment forecasts
• OEM & tier 1 profiles & factory finder
• Analysis of 30+ auto technologies & more