Corteco expands power steering business
Corteco has acquired Auto Suppliers Limited (ASL).
Auto Suppliers Limited (ASL), Kidderminster, United Kingdom is now part of the independent Automotive Aftermarket Division of Freudenberg Sealing Technologies.
ASL, a family owned business founded in 1988 by Mr. Terry Stevens, is an expert in the development of power steering sealing kits and components, including a special product range for classic vehicles fondly maintained by enthusiasts worldwide.
“This acquisition reaffirms our commitment to providing the aftermarket with the most comprehensive range of solutions tailored to our customers’ needs. Our joint expertise and technical know-how enables us to deliver advances in product innovation and technical excellence across a range of business processes, more efficiently, to a wider market,” stated Jason Meier, Chief Executive Officer of Corteco.
Corteco and ASL have long shared a close working relationship, making this acquisition a strategically healthy decision. ASL and Corteco customers will be kept informed about the progress of the integration process.
Reiner Martsfeld, Chief Commercial Officer of Corteco, added:
“ASL has been given an enthusiastic welcome into the Corteco family and the integration process, which is being supported by all parties, is progressing very smoothly indeed. Customers of ASL and Corteco can look forward to the benefits of this collaboration.”