CARDONE INDUSTRIES Inc. buys facilities from REMY AUTOMOTIVE EUROPE

CARDONE Industries has entered into an agreement to purchase three U.K. plants from REMY AUTOMOTIVE EUROPE.

The plants remanufacture ignition distributors, brake calipers, steering racks and pumps, along with manufacturing ignition leads. An greement has also been reached on a long-term supply agreement through which CARDONE will supply REMY with its demands for the aforementioned products.

For CARDONE, the newly purchased operations will become part of its European Division, CARDONE Industries Europe, with the expectation to expand its existing automotive aftermarket product offering for its customers. For REMY, its current customers will continue to have the company as the single point of contact for sales, customer service, distribution and after sales support.