Bendix Commercial Vehicle Systems LLC (Bendix CVS), a member of the Knorr-Bremse Group, has completed the sale of its fan drive/clutch business and related assets to Kit Masters, Inc. for an undisclosed amount.
Kit Masters, a Perham, Minn.-based manufacturer of heavy-duty aftermarket components, specializes in remanufactured fan drives, rebuild kits, and related accessories.
The transaction – which closed Dec. 21, 2009 – immediately divests the assets associated with the Bendix fan drive operations to become a part of the Kit Masters product offering. Kit Masters will manufacture, distribute, and sell fan drive products under the existing TORQUEMASTER, FD-1, FD-3, and FD-L brand names.
The divestiture will provide Bendix CVS the opportunity to continue its increased focus on expanding system solutions in the areas of energy management, specifically fuel savings and emission-reducing technologies for diesel-powered commercial vehicles.