Federal-Mogul Holdings LLC
Company Profile
Business Overview
-The Company is a leading global supplier primarily focused on powertrain components, sealing systems, friction products, braking components, wipers, and chassis components for vehicle markets including the automotive and commercial vehicle market.
-The Company was organized into two independent business divisions, which currently both exist within Tenneco’s organization structure:
- The Powertrain division supplies original equipment powertrain products
- The Motorparts division supplies aftermarket components with a minor focus on OEM braking, wiper, chassis and sealing components
-On February 14, 2017, the Company converted to a single member limited liability company, making it a private entity. Shares of the Company are no longer publicly traded, and the Company has been delisted.
-On October 2018, Tenneco completed the acquisition of the Company for a total consideration of USD 5.4 billion. Following this acquisition, Tenneco plans to separate the combined businesses into two, independent, publicly traded companies in late 2019. One company will consist of Tenneco’s Aftermarket, Ride Performance and Motorparts segments while the other will consist of its Powertrain and Clear Air segments.
Competitors
| Powertrain | Motorparts | ||
| -AGM Automotive -Art Metal -Bergmann -BinZhou -Bleistahl -Bosch -Daido Metal -Dana/Reinz -Delfingen -Denso -DongYang -ElringKlinger -Freudenberg |
-Kaco/Sabo -Rheinmetall -Mahle -Miba -NGK -NOK -NPR -Relats -Sinteron -SKF -Taiho -Vitrica |
-Akebono -Autolite -Brake Parts -Bosch -Centric Parts -Crowne Group -Dana -Delphi -Denso -Dorman Products -GRI Engineering and Development -Mahle |
-Mevotech -NGK -NTN -Neapco -Old World Industries -Phillips Industries -Pylon Manufacturing -Rain-X (ITW global brand) -SKF -Osram Sylvania -Timken -Valeo -ZF Active Safety And Electronics US LLC |
Shareholders
-On September 6, 2016, the Company, American Entertainment Properties Corp. (AEP), the parent and a subsidiary of Icahn Enterprises L.P. (IEP), and IEH FM Holdings LLC (Merger Sub) entered into an Agreement and Plan of Merger. On January 23, 2017, AEP, and Merger Sub completed the acquisition of the Company as all terms and conditions set forth in the Merger Agreement were satisfied. Shares of the Company's stock are no longer publicly traded as of the close of business January 23, 2017. The Company converted to a single member limited liability company on February 14, 2017.
-On October 2018, Tenneco completed the acquisition of the Company for a total consideration of USD 5.4 billion. At the time of the acquisition, Tenneco was listed on the New York Stock Exchange. Tenneco plans to separate the combined businesses into two, independent, publicly traded companies in late 2019. The company will consist of Tenneco’s Aftermarket, Ride Performance and Motorparts segments while the other will consist of its Powertrain and Clear Air segments.
Products
Powertrain
-Pistons
- Pins
- Aluminum pistons
- Steel pistons
- Piston coatings
-Piston rings
- Rectangular piston rings for large bore engines
- Piston rings
- Piston ring coatings
-Cylinder liners
- Hybrid liners
- Spiny liners
- Grooved liners
- Thermofit liners
- Sprayfit liners combining benefits of direct bore coating and liner technology
-Valve seats and valve guides
- Valve guides
- Valve seats
- Valve seat inserts
- Sliders
- Wear shoes
- Wear partners
- Turbocharger sealing rings
- Valve bushings
- Turbocharger bushings
-Valvetrain
- Cotters
- Engine valves
- Retainer caps
- Rocker arm assemblies
- Rotators
- Tappets
-Bearings
- Bushings, bearings, and washers
- Self-lubricating bearings
-Ignition
- Ignition coils
- Spark plugs
- Glow plugs
- SureFire Plus ceramic spark plugs enabling higher energy and smaller designs
- ACIS Advanced Corona Ignition System utilizing high frequency electrical fields
-Sealing and gaskets
- Bonded transmission piston
- Cold gaskets
- Hot gaskets
- Heat shields
- Mechanical face seals
- Dynamic seals
- Wellhead service products
- Valve cover modules
- Front and rear retainer modules
- Elastomeric seals
- Bonded clutch pistons
- Bonded servo pistons
-Systems protection
- Automotive wire harnesses and hoses
- Abrasion protection and wire management of cable assemblies
- Dielectric protection of electrical leads
- Thermal and mechanical protection of hose assemblies
- Acoustic insulating and sound-dampening materials
-Lighting
- Power distribution lighting sockets
- Power distribution harnesses
- Power distribution lighting connectors
-Controlled Power Technologies
- Motor-generators for engine and driveline electrification
- Liquid-cooled electric superchargers
- Fuel cell air supply solutions
- Belt-integrated starter generators
- Turbo-generator integrated gas energy recovery systems
Motorparts
-Braking
- Brake blocks
- Disk brake pads
- Drum brake linings
-Chassis
- Ball joints
- Tie rod ends
- Sway bar links
- Idler arms
- Pitman arms
- Control arms
- Center drag links
- Steering stabilizers
- Bushings
- Coil springs
- Strut assemblies
- Strut mounts
-Driveline universal joints
-Sealing
- Combustion and exhaust gaskets
- Static gaskets and seals
-Wipers
- Wiper blades
- Blade refills
- Wiper arms
-Oil, air, cabin, fuel, and other filters
-Replacement lighting products
History
| 1924 | Incorporated in Michigan, May 1, 1924, as Federal-Mogul Corp. to acquire the properties and business of Muzzy-Lyon CO. |
| 1955 | Name changed to Federal-Mogul-Bower Bearings, Inc. and adopted present name on April 30, 1965. |
| 1956 | Merged with National Motor Bearing Company, Inc. |
| 1992 | Acquired the assets of TRW's automotive aftermarket business . |
| 1995 | Formed a 50/50 joint venture with Shanghai Automotive Industry Corporation. (SAIC) |
| 1998 | Acquired T&N Industries Inc. Acquired Cooper Automotive, a business unit of Cooper Industries Inc. Signed a 61.5%-38.5% joint venture agreement with Qingdao Aodis Piston Union Company of China to form Federal-Mogul Qingdao Piston Company Ltd. |
| 1999 | Acquired the piston division of Alcan Deutschland GmbH in Germany. |
| Established a joint venture "Federal-Mogul TP Liners, Inc." with TPR in Lake City, Minnesota, U.S. | |
| Oct. 2001 | Filed voluntary petitions for reorganization under Chapter 11 of Title 11 of the United States Code. |
| 2005 | Acquired the following companies during 2005: Robert G. Evans Co., Hanauer Machine Works, Inc., Metaltec, Inc., Mather Co. and Fel-Pro, Inc. |
| Dec. 2007 | Emerged from Chapter 11. |
| Apr. 2008 | Listed Class A common stock on NASDAQ. |
| Jul. 2008 | Started piston production in Araras, Brazil. |
| Oct. 2009 | Started piston production in Tatarstan, Russia. |
| Jun. 2010 | Established technical center in Shanghai, China. |
| Jul. 2012 | Purchased the BERU branded spark plug business from BorgWarner Inc. |
| Sep. 2012 | 2 independent business segments are introduced; Powertrain segment and Vehicle Components Solutions segment. |
| Apr. 2014 | Announced intention to implement a holding company structure, changing the name of the company to Federal-Mogul Holdings Corporation. |
| May 2014 | Announced that its Vehicle Components division would be renamed Federal-Mogul Motorparts. |
| Jul. 2014 | Acquired certain business assets of the Honeywell Friction Materials business. |
| Feb. 2015 | Acquired engine valve business from TRW. |
| Jul. 2015 | Purchased TRW's shares in two engine components joint ventures, thus completing the acquisition of TRW's Engine Components business. |
| Jan. 2017 | American Entertainment Properties Corp., the parent and a subsidiary of Icahn Enterprises L.P., and IEH FM Holdings LLC completed the acquisition of the Company. Shares of the Company's stock are no longer publicly traded. |
| Feb. 2017 | Federal-Mogul Holdings Corporation changed its name to Federal-Mogul Holdings LLC. |
| Nov. 2017 | Acquired Controlled Power Technologies Ltd., a UK-based clean technology development company. |
| Oct. 2018 | Tenneco completed the acquisition of the Company for a total consideration of USD 5.4 billion. Tenneco plans to restructure itself into two independent, publicly traded companies in late 2019. One company will focus on the aftermarket and ride performance systems while the other will focus on powertrain trechnologies. |
Supplemental Information 1
>>>Business report FY ended Dec. 31, 2006
>>>Business report FY ended Dec. 31, 2007
>>>Business report FY ended Dec. 31, 2008
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>>>Business report FY ended Dec. 31, 2014
>>>Business report FY ended Dec. 31, 2015
>>>Business report FY ended Dec. 31, 2016
>>>Business report FY ended Dec. 31, 2017
>>>Business report FY ended Dec. 31, 2018
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss