Midwest Truck & Auto Parts, Inc. is pleased to announce the acquisition of the assets of Richmond Gear from Regal Beloit Corporation for an undisclosed amount.
Richmond Gear, located in Liberty South Carolina, manufactures and distributes ring & pinions, transmissions and traction control devices for the Racing, Hi-Performance and Off-Road aftermarkets. Midwest’s acquisition of Richmond Gear also includes the Powertrax and Lock-Right product lines.
We are very excited to add the Richmond Gear, Powertrax and Lock-Right product groups to our Light Duty and Hi-Performance divisions. The combination of Motive Gear, Motive Gear Performance, Ten Factory, Richmond Gear, Powertrax and Lock-Right creates a synergy that will be unmatched in the aftermarket
said Mark Chudacoff, president and CEO of Midwest Truck & Auto Parts, Inc.. “This acquisition strengthens our position as the worldwide leader in the Racing, Hi-Performance and Off-Road aftermarkets.”
Midwest Truck & Auto Parts, Inc. globally sources and supplies a wide variety of components to the Heavy Duty, Light Duty and Hi-Performance aftermarkets thru its World American, Motive Gear, Motive Gear Performance, Ten Factory, Richmond Gear, Powertrax and Lock-Right Divisions.
Midwest is headquartered in Chicago, IL with additional warehouses and offices in Miami, FL; Los Angeles, CA; Atlanta, GA and Dallas/Ft. Worth, TX.