Hayes Brake Controller Company will acquire all inventory, assets and intellectual property necessary to the operation of the aftermarket brake controller business. Financial terms of the transaction were not disclosed.
“This deal is consistent with the strategic objectives of both companies,” said Ed Kopkowski, president of the North American wheels, commercial highway and aftermarket business unit at Hayes Lemmerz. “The sale will allow [us] to focus on growing [our] core wheel business. At the same time, Syncro has been a long-term partner in the design, development and manufacturing of all of our brake controller products. As a core business of Syncro they will allocate the resources necessary to improve and grow this business.”