US commercial vehicle component specialist, Stemco, has announced the purchase of Commercial Vehicle Components (CVC), a manufacturer of air disc brake and medium duty hydraulic disc brake pads.
Stemco has said that CVC will become a part of its brake products group. CVC products will reportedly be marketed as Lunar and Lunar HP air disc brakes.
“Stemco’s commercial vehicle market focus, superior product technology and outstanding reputation for training and customer support make this purchase a complement to the Stemco business strategy,” said Stemco President, Todd Anderson.
“This purchase presents the perfect opportunity for us to expand into the medium duty marketplace, an area of growth for Stemco where our value propositions will provide a strong benefit to medium duty truck fleets and operators,” he said.
“With the recent opening of Stemco’s Friction Factory in Rome, the purchase of CVC further positions Stemco as the premier compounder in brake block and disk pad offerings,” said Stemco Vice President and General Manager – Brake Products Group, Doug Hix.
“I’m extremely excited to welcome CVC to the team in an effort to continue engineering premier products built for severe-duty applications that ultimately make our roadways safer,” he said.