Tenneco Inc.

Company Profile

■URL

https://www.tenneco.com/

■Address

15701 Technology Drive, Northville, MI, 48168, USA

Business Overview

-The Company is a manufacturer which provides clean air, powertrain and ride performance systems and products for light vehicle, commercial truck, off-highway and other vehicle applications. It is among the global market leaders in each of its primary business segments.

-The Company currently has four business segments as follows:

Clean Air: The segment designs and manufactures products and systems to reduce pollution, improve engine performance and vehicle acoustics, and decrease vehicle weight.
Powertrain: The segment designs and manufactures original equipment powertrain products and systems for light vehicle, commercial vehicle, off-highway and industrial applications.
DRiV: The segment designs and manufactures a wide range of products focused primarily on the global vehicle aftermarket while also servicing the original equipment service market.
Performance Solutions: The segment designs and manufactures systems focused on reducing noise, vibration and harshness. The segment also develops and manufacture advanced suspension technologies, ride control and braking solutions, and systems protection solutions.

-On February 23, 2022, the Company announced that it had entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo in a cash transaction valuing approximately USD 7.1 billion. The transaction was completed on November 17, 2022, upon which time the Company was delisted from the New York Stock Exchange and became a private entity.

-In October 2024, the Company announced that it had reached an agreement to sell its Öhlins Racing business to Brembo, a leader in high-performance braking systems for USD 405 million paid for using available cash. Öhlins Racing manufactures premium suspension technology for automotive, motorcycle, and motorsport applications in both original equipment and aftermarket segments. The sale was completed on January 2, 2025.

Competitors

-Marelli
-Eberspaecher
-Forvia
-Hitachi Astemo
-KYB
-Yutaka Giken
-ZF

Shareholders

-As of November 17, 2022, the Company was acquired by funds managed by Apollo Global Management, Inc. affiliates and thus, was delisted from the New York Stock Exchange. With this acquisition, the Company is currently a private entity.

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Products

Clean Air Systems
-Manifolds

Braised tubular manifolds
Fabricated diesel manifolds
Fabricated high temperature manifolds (for gas engines)
Double-wall air gap insulated manifolds
Single-wall manifolds
Modular air gap insulated manifolds
Three-shell manifolds

-Manifold converters
-Catalytic converters
-Catalytic burners with secondary hydrocarbon dosing
-Three-way catalysts
-Four-way catalysts
-Diesel oxidation catalysts
-Closed-coupled catalysts
-Double swirl mixers
-Stairway mixers
-Rasp pipe mixers
-High efficiency urea mixers
-HP passive valves
-Heat exchangers
-Thermoelectric generators
-Cold start thermal units
-One-Box integrated waste heat recovery systems
-Exhaust heat recovery systems
-Diesel particulate filter systems
-Gasoline particulate filters
-Woven metal filters
-Cross-channel filters
-High frequency turbo decouplers
-DeNOx converter aftertreatment systems
-Full exhaust aftertreatment systems
-Aftertreatment control units
-Selective Catalytic Reduction (SCR) systems
-SCR systems integrating XNOx systems
-SCR-coated diesel particulate filters
-Alternative NOx reduction technologies
-Urea dosing systems
-Lean NOx traps
-Hydrocarbon vaporizers and injectors
-Hydroformed assemblies
-Cold end systems
-Elastomeric hangers and isolators
-Downpipes
-Tailpipes
-Tubing
-Resonators
-Smart sound systems
-Electronically controlled exhaust valves
-Active electronic valves
-High-performance passive valves
-Mufflers

Self-supporting mufflers
Lightweight mufflers
Ultra lightweight mufflers - SiC fiber muffler
Semi-Active Muffler
Spun mufflers
Shell mufflers
Lightweight mufflers with thin-wall pipes
Air gap pipes

Performance Solutions Systems
-Passive dampers
-Shock absorbers and struts
-Suspension systems/modules

Strut modules
Coil-over modules
Air spring modules
Damper modules
Full axle modules
Cabin damper modules

-Computerized Electronic Suspension (CES) and intelligent suspension systems

Manually adjustable electronic suspension
Adaptive electronic suspension
Semi-active electronic suspension
Anti-roll electronic suspension
Semi-active with anti-roll electronic suspension
Active electronic suspension
Continuously Variable Semi-Active suspension with external valve (CVSAe)
Continuously Variable electronic suspension CVSA2
KINETIC advanced adaptive suspension system featuring 4 semi-active dampers and 2 electro-hydraulic valves per damper

-Coils and leaf springs
-Cab shock absorbers
-Seat shock absorbers
-Double tube shocks
-Mono tube shocks
-Double tube struts
-Heavy duty truck and train shocks
-Main piston valves
-Add-on valves
-Hydraulic rebound stop systems
-Hydraulic compression stop systems
-Multi-tuneable valves
-Frequency dependent damping valves
-ComfortMax monotube dampers
-Position-sensitive twin system multi-stage hydraulic shock absorbers
-Integrated height internal valves
-Low steel and NAO brakepads
-Drum brake linings
-Disc brake pads
-Adjustable seat dampers
-Lightweight seat dampers
-Velocity progressive dampers
-Axle dampers
-Top mounts
-Rubber-to-metal bushings and mountings
-Suspension arms, rods, and links
-Springs
-Stabilizers
-Hydraulic bushings and mounts
-Spring eye bushings
-Drive unit mounts
-Suspension links
-Exhaust isolators
-Torque rods
-V-rods
-Trailer pivot bushings
-NVH performance materials
-Protection sleeves for cables and tubes
-Acoustic shielding
-EMI/RFI shielding
-Heat and abrasion protection systems for cables and tubes
-Safety and crash protection for cables and tubes
-Rubber hoses
-Noise absorbing interior trim
-Protective solutions for sensors
-Flexible heat shields

Powertrain
-Aluminum and steel pistons
-Piston rings
-Piston pins
-Cylinder liners
-Engine valves
-Valve seats and guides
-Retainers
-Rotators
-Cotters
-Tappets
-Spark plugs
-Dynamic seals
-Bonded piston seals
-Combustion gaskets
-Exhaust gaskets
-Static gaskets and seals
-Rigid heat shields
-Engine bearings
-Industrial bearings
-Bushings
-Washers
-Starter-generators for mild hybrid applications
-Electric superchargers
-Turbogenerator integrated exhaust gas energy recovery systems
-Bi-directional integrated motor-generators

Aftermarket
-Ball joints
-Tie rod ends
-Sway bar links
-Hub assemblies
-Anti-friction bearings
-Universal joints
-Shock absorbers
-Strut assemblies
-Bare struts
-Idler arms
-Pitman arms
-Control arms
-Bushings
-Steering stabilizers
-Brake disc pads
-Drum brake shoes
-Drum brake linings
-Brake rotors
-Calipers
-Brake sensors
-Coil springs
-Top mounts
-Wheel bearings
-Master cylinders
-Oil seals
-Engine bearings
-Turbochargers
-Pistons
-Engine cooling system components
-Valves
-Valvetrains
-Camshafts
-Valve lifters
-Oil pumps
-Catalytic converters
-Exhaust manifolds
-Exhaust pipes
-Clamps
-Flex-Pipe
-Emission control diagnostic systems
-Gaskets
-Seals
-Hubcaps
-Head bolts
-Oil filters
-Air filters
-Cabin filters
-Fuel filters
-Mufflers
-Spark plugs
-Batteries
-Headlamps
-Lighting capsules
-Miniature light bulbs
-LED lights
-Glow plugs
-Ignition coils
-Wires
-Harnesses

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History

1940	Tennessee Gas and Transmission Company was founded.
1967	Acquired Walker Manufacturing Company.
1994-1996	Divested all businesses except for automotive and packaging division through public offerings, sales, spin-offs, and mergers.
1977	Acquired Monroe Auto Equipment Company and formed Tenneco Automotive with Walker and Monroe as its two operating divisions.
1999	Spun off Tenneco Packaging, Tenneco Automotive listed on New York Stock Exchange.
2000	Formed strategic alliance with Futaba Industrial Co., Ltd.
2001	Formed strategic alliance with Tokico Ltd. (Currently merged into Hitachi Automotive Systems, Ltd.)
Oct. 2005	Renamed from Tenneco Automotive to Tenneco Inc.
2008	Acquired suspension business of Gruppo Marzocchi.
Jul. 2011	Dissolved alliance with Hitachi Automotive Systems, Ltd.
Sep. 2012	Announced that the company has opened its first manufacturing plant in Japan in Osaka and started production of emission control systems.
Sep. 2012	Announced that it intends to close its emission control plant in Vittaryd, Sweden.
Feb. 2013	Announced organizational changes that it has established a Clean Air division, which includes their emissions control businesses, and a Ride Performance division, comprised of its ride control businesses.
Sep. 2013	Announced its intention to close its ride performance plant in Gijon, Spain and decomplex its ride performance plant in Sint-Truiden, Belgium.
Oct. 2013	Announced the opening of a new manufacturing facility in Chakan near Pune, India. The Chakan facility is their sixth manufacturing location in India
Sep. 2014	Announced the opening of a new Clean Air research, development and manufacturing facility in China.
Aug. 2016	Announced the opening of a new Clean Air manufacturing plant in Lansing, Michigan, USA, to support General Motors and its crossover vehicle platform.
Aug. 2016	Announced plans to open a new Clean Air manufacturing plant in Spring Hill, Tennessee, USA, to support programs for General Motors.
Sep. 2017	Broke ground on a USD 23 million customer center in Northville Township, Michigan.
Oct. 2018	Completed acquisition of Federal-Mogul, a leading supplier of powertrain and aftermarket vehicle components, for approximately USD 5.4 billion in total considerations.
Nov. 2018	Signed definitive agreement for the acquisition of Ohlins Racing, a Swedish premium suspension system and component manufacturer for approximately 160 million. The acquisition is expected to close in the first quarter of 2019.
Jan. 2019	Completed acquisition of Ohlins Racing A.B., a Swedish company specializing in premium suspension systems and components for the automotive and motorsport markets.
Feb. 2019	Announced that the future spin-off company, consisting of the Company’s Ride Performance and Motorparts segments, would be called DRiV Incorporated. The Company originally intended to spin-off DRiV in the second half of 2019, but later delayed the spin-off to the middle of 2020.
Feb. 2022	Entered agreement to be acquired by Apollo Funds for USD 7.1 billion.
Nov. 2022	Funds managed by Apollo Global Management, Inc. affiliates completed acquisition of the Company for USD 7.1 billion.
Jan. 2025	Completed divestiture of Öhlins Racing, a manufacturer of premium suspension technology, to Brembo for USD 405 million.