LAKE FOREST, Ill., Nov. 4, 2019 /PRNewswire/ -- DRiV™, the $6 billion company being built from the combined strengths of Tenneco Inc.'s (NYSE: TEN) ride performance and aftermarket business, Federal-Mogul Motorparts and Öhlins Racing, will attend AAPEX 2019, November 5-7, 2019, in Las Vegas, Nevada. This year's show marks the first time that many of the aftermarket's best-known and respected brands are showcased together in one booth, under the DRiV banner.
"We couldn't be more excited to show customers all the DRiV aftermarket brands under one roof at this year's show," said Brian Kesseler, DRiV CEO. "The breadth and depth of our product lines, our portfolio of legendary brands, and industry-leading service and support solutions create diverse opportunities for our customers' growth and success. We want our customer partners to be the most successful in the industry, and we know that our success will follow."
Located at the Sands Expo and Convention Center (second floor), booth #3217, DRiV debuts a brand-new display highlighting the products and service capabilities that make DRiV a global player in the aftermarket industry. Some highlights at the booth include:
Additional product showcases at the DRiV booth include products and service solutions from quality brands and services such as Champion®, featuring Champion batteries; Ferodo® brake pads; Garage Gurus®, DRiV's "Tech First" initiative that provides the most comprehensive program of support tools in the industry; Jurid® brakes; National® oil seals; Abex® heavy-duty brakes; and FP Diesel® heavy-duty engine components.
To learn more about DRiV, visit our booth during AAPEX, located on the second floor of the Sands Expo and Convention Center, #3217; and visit our website at www.driv.com
About DRiVTM - the future Aftermarket and Ride Performance Company
Following the expected separation of Tenneco to form two independent companies, an Aftermarket and Ride Performance company (DRiV™) as well as a new Powertrain Technology company, DRiV will be one of the largest global multi-line, multi-brand aftermarket companies, and one of the largest global OE ride performance and braking companies. DRiV's principal product brands will feature Monroe®, Öhlins®, Walker®, Clevite® Elastomers, MOOG®, Fel-Pro®, Wagner®, Ferodo®, Champion® and others. DRiV would have 2018 pro-forma revenues of $6.4 billion, with 54% of those revenues from aftermarket and 46% from original equipment customers.
Safe Harbor
This release contains forward-looking statements. These forward-looking statements include, among others, statements relating to our plans to separate into two independent public companies. Forward-looking statements are subject to a number of risks and uncertainties that could cause actual results to materially differ from those described in the forward-looking statements, including the possibility that Tenneco may not complete the spin-off of the Aftermarket & Ride Performance business from the Powertrain Technology business (or achieve some or all of the anticipated benefits of such a spin-off); the possibility that the acquisition of Federal-Mogul or the separation may have an adverse impact on existing arrangements with Tenneco, including those related to transition, manufacturing and supply services and tax matters; the ability to retain and hire key personnel and maintain relationships with customers, suppliers or other business partners; the risk that the benefits of the acquisition of Federal-Mogul or the separation, including synergies, may not be fully realized or may take longer to realize than expected; the risk that the acquisition of Federal-Mogul or the separation may not advance Tenneco's business strategy; the risk that Tenneco may experience difficulty integrating all employees or operations; the potential diversion of Tenneco management's attention resulting from the separation; as well as the risk factors and cautionary statements included in Tenneco's periodic and current reports (Forms 10-K, 10-Q and 8-K) filed from time to time with the SEC. Given these risks and uncertainties, investors should not place undue reliance on forward-looking statements as a prediction of actual results. Unless otherwise indicated, the forward-looking statements in this release are made as of the date of this communication, and, except as required by law, Tenneco does not undertake any obligation, and disclaims any obligation, to publicly disclose revisions or updates to any forward-looking statements. Additional information regarding these risk factors and uncertainties is detailed from time to time in the company's SEC filings, including but not limited to its annual report on Form 10-K for the year ended December 31, 2018.
CONTACT:
Bill Dawson (DRiV) – 847.482.5807
bdawson@driv.com
Karen Shulhan (DRiV) – 248.354.4383
karen.shulhan@driv.com
SOURCE DRiV