Bendix CVS divests fan drive business
Aug 1, 2010 12:00 PM
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 MN-based manufacturer of heavy-duty aftermarket components, specializes in remanufactured fan drives, rebuild kits, and related accessories.
The transaction — which closed December 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.
