Joseph Parzick, Torque Capital managing partner and chairman of the Remy board of directors commented, "We are delighted to have Dave Nichols serve as president as we begin this new chapter in Remy's history. Dave is well respected both inside the company and among our customers and is known as a seasoned, results-oriented, committed leader. His elevation to president is an affirmation of the role he was already performing as general manager of the aftermarket business since the acquisition of Remy by Borg Warner in November 2015."
To learn more about Remy and its product offerings, visit booth 4661 at the Automotive Aftermarket Products Expo (AAPEX), Nov. 1-3, 2016.
About Remy Aftermarket
The North American rotating electrical business is a market leader in the remanufacturing of a full line of domestic and imported starters and alternators for passenger cars and light duty trucks. The company sells its products under the Remy name as well as a variety of private label brands in support of its customers. The company manufactures its products in San Luis Potosi, Mexico and Piedras Negras, Mexico and distributes them throughout the U.S., Canada and Mexico from its network of warehouses.
Maval is a market leader in the steering and suspension business, serving both aftermarket and original equipment customers from its facility in Twinsburg, Ohio.
Remy Europe is also a market leader in the remanufacturing of rotating electrical products for light and medium duty vehicles, utilizing an "all makes all models" approach to servicing its customers across Europe and North Africa. It manufactures its products in Miskolc, Hungary and Menzel Harb, Tunisia.
About Torque Capital
Torque Capital is a New York-based private equity investment firm founded by Joseph Parzick and Jonathan Saltzman in 2010.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/torque-capital-investor-group-has-acquired-the-north-american-and-european-light-vehicle-aftermarket-business-of-remy-inc-from-borgwarner-inc-300354420.html
SOURCE Torque Capital