Exide to sell separator unit
READING, Pa. - Battery maker Exide Corp. plans to sell a key manufacturing group as it continues with plans to streamline the company.
Exide has reached agreement on a $50 million deal to sell its battery separator operations in Corydon, Ind., to Daramic Inc. of Burlington, Mass., part of the InterTech Group. InterTech produces battery separators, which are membranes between positive and negative battery plates that prevent the plates from making contact yet allow the electrolyte to circulate. Exide will be paid $25 million; Daramic picks up $25 million in equipment and property leases. Exide plans to used the funds to reduce debt.
FASTENER COMPANY SOLD
DETROIT - Cold Heading Co., a manufacturer of threaded steel fasteners for the automotive industry, has acquired GT Specialty Fasteners Inc. of Walled Lake, Mich.
Privately held Cold Heading of Warren, Mich., expects to post sales of $165 million this year and $190 million next year. Cold Heading operates 11 plants in Michigan and Indiana.
DURA ADDS MERITOR BUSINESS
DETROIT - Dura Automotive Systems Inc. plans to acquire the seat-adjusting systems business from Meritor Automotive Inc. for $130 million in cash.
The mechanism business, with 1999 sales of about $130 million, is being sold so Meritor, of Troy, Mich., can focus its light-vehicle business on aperture systems, doors and roof systems and undercarriage components.
Dura, a Minneapolis company that supplies driver control systems, cable-related products and other components, plans to expand its presence in seat systems.
BALLARD GETS NEW ORDERS
VANCOUVER, British Columbia - Ballard Power Systems Inc. reported receiving orders totaling $4.5 million for its fuel cell stacks, the electricity-producing unit of the engine.
The orders came from affiliate DBB Fuel Cell Engines Inc. and its strategic partner Ford Motor Co. DBB is an alliance owned by DaimlerChrysler, Ford and Ballard. It develops and manufactures fuel cell systems using the Ballard fuel cell stacks.
PERCEPTRON FORMS UNIT
DETROIT - Perceptron Inc., a manufacturer of laser sensors and image-processing systems, has created a Global Automotive Business Division to coordinate its customer base. The Plymouth, Mich., company has selected Dean Massab to head the group.
DETROIT - Visteon Automotive Systems will supply radiators, condensers and other climate-control products for Midas Inc. of Itasca, Ill.
Midas is expected to phase the new products into its 2,150 installation shops throughout North America beginning Jan. 1, 2000. The value of the contract was not disclosed. The move by Visteon, the Dearborn, Mich., parts-making unit of Ford Motor Co., is part of its goal of building a larger aftermarket operation.
DELPHI ENGINEER HONORED
DETROIT - Andrew Brown Jr., engineering director for Delphi Automotive Systems of Troy, Mich., was elected into the College of Engineering Hall of Fame at Wayne State University in Detroit. He earned three degrees there.
Brown, 50, began his automotive career in 1971 as a project engineer for Allied-Signal Corp. He also was director of strategic futures of the General Motors Research and Development Center in Warren, Mich., and manager of Saturn Car Facilities, where he worked on conceptual design and engineering of Saturn's manufacturing plant in Spring Hill, Tenn.
Brown also is president of Delphi Technologies Inc.
LISLE, Ill. - Tricon Industries Inc. will add 6,500 square feet to its technical center and headquarters in Lisle. The additional space will accommodate an expanded engineering and product development group and other support staff. Tricon is a precision insert molder and a manufacturer of specialized components.
DANA'S PLUMLEY UNIT HONORED
PARIS, Tenn. - Dana Corp.'s Plumley Division was named best overall performer in the top-volume supplier category by Visteon Automotive Systems' Component Sales Group. Criteria included product quality, on-time delivery, communication and accuracy. Visteon also honored the Plumley Division's molded sealing products plants in Paris, Tenn., and Fulton, Ky., for exceptional delivery performance over the past 12 months.
DANA S.C. DIVISION GETS AWARD
LUGOFF, S.C. - The Lugoff Spicer Heavy Systems Assembly Division of Dana Corp.'s Heavy Truck Group was named a South Carolina Chamber of Commerce Manufacturer of the Year. The site was honored in the medium-sized (200 to 500 employees) plant category. The award recognizes South Carolina companies that demonstrate world-class standards in product quality improvement, employee quality of life, environmental stewardship, community and professional involvement and community partnerships.
QS-9000 (1998): Eskay Screw Corp., Wood Dale, Ill.; Rutland Plastic Technologies Inc., Pineville, N.C.
QS-9000 (1999): The Columbia City (Indiana) Division of Alfe Heat Treating Inc.
ISO-9001: Watteredge-Uniflex Inc., Cleveland.