Remy International, Inc.
-The Company was a U.S.-based global market leader in the design, manufacture, re-manufacture, marketing and distribution of starter motors, alternators, multi-line products and hybrid electric motors for light and commercial vehicles for OE manufacturers and service (OEMs and OES) and the aftermarket.
-In November 2015, BorgWarner acquired the Company, making it a wholly owned subsidiary.
-In October 2016, BorgWarner agreed to divest the Company’s former light vehicle aftermarket business to Torque Capital for approximately USD 80 million. The transaction was completed in the fourth quarter of 2016.
-The Company is a wholly owned subsidiary of BorgWarner.
-Electric motors for electric and hybrid applications
|1918||The Company began operating as a division of GM as Delco Remy International, Inc.|
|1994||A group of private investors bought out the Company from GM.|
|2004||Delco Remy International, Inc. renamed as Remy International, Inc.|
|Oct. 2007||The Company and its subsidiaries filed Chapter 11 bankruptcy.|
|Dec. 2007||The Company emerged from Chapter 11 bankruptcy protection.|
|Dec. 2012||Listed on NASDAQ Stock Exchange.|
|Jun. 2013||Acquired remaining interest of Remy Hubei Electric Co. Ltd. joint venture.|
|2013||Closed plant in Mezokovesd, Hungary.|
|Jan. 2014||Acquired United Starters and Alternators Industries, Inc.|
|Aug. 2014||Announced to close manufacturing facilities in New York.|
|Mar. 2015||Acquired Maval Manufacturing, Inc.|
|Nov. 2015||The Company was acquired by BorgWarner, becoming a wholly owned subsidiary.|
|Oct. 2016||BorgWarner divested the light vehicle aftermarket business associated with the Company to Torque Capital for USD 80 million.|
Supplemental Information 1
>>>Business Reports up until FY ended Dec. 31, 2011
>>>Business Reports FY ended Dec. 31, 2012
>>>Business Reports FY ended Dec. 31, 2013
>>>Business Reports FY ended Dec. 31, 2014
Note: A figure in brackets ( ) indicates a loss