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.
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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.
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