Dana Corporation Acquires Delphi's Southampton, U.K., Filtration Manufacturing Operation
Dec 15, 1998
TOLEDO, Ohio, Dec. 15 /PRNewswire/ -- In a strategic move to strengthen its presence in the European marketplace, Dana Corporation (NYSE: DCN) today announced that it has acquired the filtration manufacturing operation of Delphi Energy & Engine Management Systems U.K. Overseas Corp., located in Southampton, U.K. Terms of the agreement were not announced. The Southampton operation had 1997 sales of approximately $50 million primarily from oil, air, fuel, and panel filtration products. The operation employs approximately 450 people. According to Bill Lasky, president of Dana's Filtration Products Group, the acquisition offers Dana a European foothold with solid growth potential in a core business. "This acquisition will strengthen our European presence -- with both original equipment and aftermarket customers," Lasky said. "Along with our Quinton Hazell aftermarket filter operations in the U.K., and our Wix Filtron filtration products operations located in Poland, this acquisition provides Dana with an excellent European base from which to grow this core business," Lasky said. Delphi Energy & Engine Management Systems is a division of Delphi Automotive Systems, with lead responsibility for the generation, conversion, and storage of electrical energy, the flow of air and fuel into an engine, the combustion process, and the cleaning of exhaust emissions. Headquartered in Flint, Mich., the division employs more than 29,000 men and women in 28 wholly owned manufacturing plants, nine joint ventures, 10 engineering centers, and 19 sales offices in 21 countries. One of the world's largest independent suppliers to vehicular, off- highway, and industrial manufacturers and their related aftermarkets, Dana Corporation produces components and systems used on more than 95 percent of the world's 670 million motor vehicles. Founded in 1904 and based in Toledo, Ohio, the company operates 270 major facilities in 33 countries and employs more than 79,000 people. The company had pro forma sales of $11.9 billion in 1997. Dana's Internet address is http://www.dana.com.