Federal-Mogul in strategic piston rings acquisition

Federal-Mogul has acquired the Daros Group, a privately-owned supplier of piston rings for large-bore engines used in industrial energy generation and commercial shipping,

“The market for industrial engine piston rings is growing, as global energy companies and expanding global logistics providers require additional power generation and shipping capacity,” said José Maria Alapont, the company’s president and CEO.

He added: “This acquisition also will enable Federal-Mogul to capitalise on new market growth utilising integrated global engineering and manufacturing capacity.  Federal-Mogul expects further sales opportunities in global industrial markets as customers increase orders for industrial engine refurbishment.”

The Daros business adds approximately 220 employees to Federal-Mogul’s global operations and the acquisition includes manufacturing locations in China, Sweden and Germany.

After the Daros business is integrated into Federal-Mogul, industrial piston rings will be sold under the Federal-Mogul Goetze and Daros brands, according to their respective market presence and engine type.