Bosch is to buy the brake friction business of the Morse Automotive Corporation in Chicago which makes disc brake pads drum brake linings plus brake calipers, predominantly for North America.
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The sale price wasn’t disclosed but the unit, with 1,640 workers had sales of about US$157m in fiscal 2007.
The Morse business acquired will be integrated into the Bosch automotive aftermarket division, in a new unit called braking systems.
Morse Group will continue with its other existing aftermarket activities such as the brake caliper business.
“For us, the brake products business is a strategic growth area, and we consider brake pads to be a key element of this portfolio,” said Bosch aftermarket chief Robert Hanser.
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By GlobalData“The acquisition of Morse’s friction business is our entry into the production of brake pads, as well as an opportunity to expand our position in the North American market in a way which is consistent with our overall strategy.”
Bosch plans to take over existing contracts with Morse customers.
