BBB Industries (Daphne, AL) has acquired the equity interests of Remy Power Products’ North American rotating electric business consisting of World Wide Automotive LLC and Remy Mexico Holdings B.V., more commonly known as Remy Power Products. The transaction encompasses the entirety of the North American rotating electric business. Financial details were not disclosed.
“Remy’s remanufacturing expertise and market understanding — along with its proven ability to provide high-quality products — is a natural complement to BBB,” BBB CEO Duncan Gillis said in a statement. “The Remy brand has a rich history, and I am excited about the opportunity to bring this added value to our existing and new customer relationships.”