Sale includes Tenneco’s Interfil® brand, manufacturing facility in Tultitlan, Mexico, operations, and current filter inventories
NEW YORK–(BUSINESS WIRE)–Premium Guard Inc. (PGI) www.premiumguard.com, a pioneer and first-to-market leader in automotive aftermarket filters, has purchased Tenneco’s global aftermarket filters business in Mexico. The announcement was made by Anan Bishara, CEO and President of PGI, who noted that the acquisition, which was finalized on October 31, 2020, includes Tenneco’s manufacturing facility in Tultitlan, Mexico, operations, the Interfil® and Engine Clean brands, and filter inventories.
“We are very excited about the purchase of Interfil from DRiV,” Bishara noted. “This is an important acquisition for the future growth of PGI on an international scale and a vital part of our expansion into Mexico, Central, and South America. PGI has already established a robust and diversified global supply chain. Our resources and capabilities in Mexico will become a key part of our supply chain, which will allow us to cut the lead time and hedge against further escalation in the trade war with China.”
Interfil is a 40 year old company and considered to be the 2nd largest filter manufacturer and supplier in Mexico. In 2016, Federal-Mogul Motorparts acquired Interfil, prior to Tenneco’s acquisition of Federal-Mogul LLC. Besides Interfil-branded products, Interfil is the leading supplier of private label filters for the aftermarket and OES/OEM sectors.
Premium Guard plans significant investment at the Tultitlan facility to fulfill customer requirements and volume, and will remain a strategic supplier for Tenneco’s Champion® brand. The company expects a smooth transition of ownership with no changes to staff or management at this time.
Bryon Osterland, Group Vice President & General Manager, Motorparts Product Management & Engineering, noted, “As a leader in the filters industry, this business represents an excellent strategic fit for PGI to expand its filters manufacturing and distribution footprint.”
About Tenneco
Tenneco (TEN) is one of the world’s leading designers, manufacturers and marketers of automotive products for original equipment and aftermarket customers, with 2019 revenues of $17.5 billion and approximately 78,000 team members working at more than 300 sites worldwide. Through our four business groups, Motorparts, Ride Performance, Clean Air and Powertrain, Tenneco is driving advancements in global mobility by delivering technology solutions for diversified global markets, including light vehicle, commercial truck, off-highway, industrial, motorsport and the aftermarket.
Visit www.tenneco.com to learn more.
About PGI
Premium Guard Inc. (PGI) specializes in designing, manufacturing and distributing products for automotive, diesel, powersport, and specialty filter markets. Headquartered in New York City with a main distribution center in Memphis TN, Premium Guard Inc. is keenly focused on providing customers with industry leading service, complete solutions, best-in-class-quality products, and leading application coverage at compelling prices.
PGI also offers a platform for a turnkey private label solution, including product and packaging design, engineering, quality control, supply chain management, distribution, logistics, marketing, and professional field support.
Contacts
Anan E. Bishara, Premium Guard, Inc.
(212) 344-2200 Ext 111
anan@premiumguard.com
www.premiumguard.com
