Federal-Mogul Holdings LLC

Company Profile

■URL

http://www.federal-mogul.com

■Address

27300 West 11 Mile Rd, Southfield, MI 48034, USA

Business Overview

-The Company is a supplier which primarily manufactures powertrain components, sealing systems, and friction products for markets including the automotive and commercial vehicle market, among others.

-The Company is organized into two business segments:

  • Powertrain segment: original equipment powertrain products; about 95% of FY 2016 revenue was derived from OE customers
  • Motorparts segment: aftermarket components with a small focus on OEM braking, wiper, and sealing component; approximately 72% of FY 2016 sales were derived from sales to customers in the aftermarket


-As of December 31, 2016, the Company had current OEM products included on more than 400 global vehicle platforms and more than 800 global powertrains used in light, medium, and heavy-duty vehicles.

Competitors

Powertrain Motorparts
-AGM Automotive
-Art Metal
-Bergmann
-BinZhou
-Bleistahl
-Bosch
-Daido Metal
-Dana/Reinz
-Delfingen
-Denso
-DongYang
-ElringKlinger
-Freudenberg
-Kaco/Sabo
-KSPG
-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-TRW

Shareholders

-Listed on the NASDAQ Global Market (as of December 31, 2016)

-As of December 31, 2016, Carl C. Icahn, the chairman of the Company, controls approximately 81.99% of the voting power of the Company's capital stock.

Delisted

-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.

Products

Powertrain
-Pistons

  • Pins
  • Aluminum pistons
  • Steel pistons

-Piston rings

  • Piston rings for large bore engines
  • Piston rings

-Cylinder liners
-Valve seats & guides

  • Valve guides
  • Valve seats

-Valvetrain

  • Cotters
  • Engine valves
  • Retainers
  • Rocker arm assemblies
  • Rotators
  • Tappets

-Bearings

  • Bushings, bearings, and washers
  • Self-lubricating bearings

-Ignition

  • Ignition coils
  • Spark plugs

-Sealing

  • Bonded transmission piston
  • Cold gaskets
  • Hot gaskets
  • Heat shields
  • Mechanical face seals
  • Dynamic seals
  • Wellhead service products

-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

  • Exterior lighting
  • Interior lighting
  • Miniature light sources
  • Power distribution components

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

-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
-Pistons
-Piston rings
-Cylinder liners
-Ignition

  • Spark plugs
  • Glow plugs
  • Ignition coils

-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.

Supplemental Information 1