
Press Releases
Press Release: Monday, December 5, 2011 – Chicago, IL
For Immediate Release
Midwest Truck & Auto Parts, Inc. is pleased to announce the acquisition of the assets of Richmond Gear from Regal Beloit Corporation for an undisclosed amount.
Richmond Gear, located in Liberty South Carolina, manufactures and distributes ring & pinions, transmissions and traction control devices for the Racing, Hi-Performance and Off-Road aftermarkets. Midwest’s acquisition of Richmond Gear also includes the Powertrax and Lock-Right product lines.
“We are very excited to add the Richmond Gear, Powertrax and Lock-Right product groups to our Light Duty and Hi-Performance divisions. The combination of Motive Gear, Motive Gear Performance, Ten Factory, Richmond Gear, Powertrax and Lock-Right creates a synergy that will be unmatched in the aftermarket”, said Mark Chudacoff, president and CEO of Midwest Truck & Auto Parts, Inc.. “This acquisition strengthens our position as the worldwide leader in the Racing, Hi-Performance and Off-Road aftermarkets.”
Midwest Truck & Auto Parts, Inc. globally sources and supplies a wide variety of components to the Heavy Duty , Light Duty and Hi-Performance aftermarkets thru its World American, Motive Gear, Motive Gear Performance, Ten Factory, Richmond Gear, Powertrax and Lock-Right Divisions.
Midwest is headquartered in Chicago, IL with additional warehouses and offices in Miami, FL; Los Angeles, CA; Atlanta, GA and Dallas, TX (1/12).
For more information contact Midwest Truck and Auto Parts Inc.
-WORLD AMERICAN UNVEILS NEW QUALITY CONTROL LAB!
Demonstrating once again just how serious they are about providing the best products available, World American unveils their new Quality Assurance Lab & Design Center. With a substantial capital investment, over 1,200 square feet of space and five dedicated employees including two engineers and an industry leading design team; the lab is unparalleled in the automotive aftermarket. The lab boasts seven state of the art testing machines including a Gleason Sigma Gear Measuring Machine, a Mitutoyo USA Hardness Tester and a Mitutoyo USA Optical Comparator. In addition to taking World American to ISO Certification, the Quality Assurance Lab & Design Center will provide World American customers quality and consistency that is simply unavailable from any other aftermarket heavy duty company.