Moog chassis parts
Founded in 1919 as the St. Louis Spring Company, the company later changed their name to Moog Automotive. The Founder’s son, Hubert C. Moog developed the family business into a major supplier of aftermarket suspension, steering parts and accessories.
In 1935, the company changed its name to Moog Industries and specialized in manufacturing the newly patented CarGo Coil, a variable rate coil spring, ball joints, idler arms, pitman arms, tie rod end, coil springs, and power steering components
Their part quality was soon recognized as such high quality that they outperformed OE parts.
In 1972 the company changed its name to Moog Automotive, Inc.
Moog is bought out by Cooper Industries in 1992
Cooper Industries manufacturers electrical equipment like motors and lighting. Moog Automotive always seemed like an awkward fit.
Federal Mogul buys the Automotive Parts division of Cooper Industries
In 1998 Federal Mogul buys Automotive Products division of Cooper Industries which includes brands like; Anco wiper blades, Champion ignition, MOOG chassis, and Wagner and Blazer lighting.
Federal Mogul was started in 1899 and made die cast engine bearings. Later, Federal Mogul acquired Turner & Newall, a building products company making asbestos related products. In 2002, Federal Mogul was forced into bankruptcy due to asbestos related litigation.
• Federal Mogul emerged from bankruptcy and then acquired gasket maker Fel-Pro and the Daros Group in 2010, a manufacturer of piston supplier and piston rings
• In 2014, the company split into two separate companies, Federal-Mogul Powertrain, and Federal-Mogul Motorparts. The Powertrain division focused on the manufacturing and selling of OEM auto parts while the Motorparts division focuses on selling aftermarket parts.
• In 2014 Honeywell sells its friction material (Bendix brakes) business to Federal Mogul
• In 2016 Federal Mogul buys Beck/Arnley an auto and motorcycle parts importer, specializing in importing parts directly from Tier 1 suppliers for asian vehicle manufacturers.
In January 2017, majority shareholder Carl Icahn buys Federal-Mogul and in 2018, sells Federal Mogul to Tenneco for $5.4 billion
Tenneco (formerly Tenneco Automotive and originally Tennessee Gas Transmission Company) specializes in manufacturing OE and aftermarket ride control prouducts and emissions products like: . Monroe shocks and struts, Rancho off-road shocks and strust, Walker Exhaust, and Thrush Exhaust products, as well as Clevite Elastomers and Öhlins Racing
Tenneco splits into two companies
Struggling with the debt load after purchasing Federal Mogul, Tenneco announces in 2019 that it will separate into two companies; DRiV Incorporated- a publicly traded Aftermarket and Ride Performance company that will serve as a global multi-line and multi-brand aftermarket supplier of ride performance and braking suppliers to light vehicle and commercial vehicle customers. The second division will specialize in powertrain components.
In 2022 Tenneco sells to Apollo Global Management
During the period of its purchase of Federal Mogul, Tenneco sees an 85 percent drop in its stock price. The downturn was caused in part by semiconductor shortages and the drop in auto sales and repairs brought on and exacerbated by the Covid 19 pandemic that has wreaked havoc on the automotive industry. So it sells to Apollo Global Management in 2022 in a $1.6 billion deal to take the auto parts supplier private.
©, 2022 Rick MuscoplatPosted on by Rick Muscoplat