Fram, Autolite sold! - Jeep Wrangler Forum

Go Back   Jeep Wrangler Forum > TJ Jeep Wrangler Forum > TJ General Discussion Forum

Join Wrangler Forum Today

Thread Tools

Please support our sponsors and let them know you heard about them on
Old 05-11-2011, 11:25 AM   #1
Join Date: Aug 2008
Posts: 2,473
Fram, Autolite sold!

Honeywell sells off it's car care business (Fram, Autolite & Prestone) to Auckland NZ company.

Saturday, January 29, 2011

Honeywell selling plant in Fostoria

Oiler's Lube Express - Findlay

Honeywell International announced Friday it is selling its automotive Consumer Products Group, which includes Fostoria's Autolite spark plug plant.

The plant, once a major Fostoria employer, reportedly has fewer than 100 workers now.

Honeywell said Rank Group, a private investment company, will acquire the automotive Consumer Products Group business in a cash transaction valued at about $950 million.

The transaction is expected to close in the third quarter, the company said.

The Consumer Products Group business, headquartered in Danbury, Conn., has more than 2,000 employees and includes four consumer automotive brands: FRAM filters, Prestone antifreeze, Autolite spark plugs, and Holts car care products.

The business had 2010 sales of about $1 billion.

Rank Group is a New Zealand-based private company that invests in a variety of industries, including Reynolds Group Holdings, one of the largest packaging companies in the world.

Honeywell is headquartered in Morristown, N.J.

In 2007, the Fostoria plant at 1600 N. Union St. was reported to have 650 workers, but employment fell as production work was moved to a factory in Mexico. By April 2010, the Fostoria factory was reported to have 109 employees, and plant workers say that number has decreased since then.

Honeywell sales off it's car care business (Fram, Autolite & Prestone) to Auckland NZ company.

Stockholders must like that – stock Honeywell (HON – NYSE) has gone up – was 53 Jan, now 61.
Notice the upward trend for HON since Sept.
HON: Summary for Honeywell International Inc. Co- Yahoo! Finance

It's no wonder the country is falling apart - stupidity abounds!
rrich is offline   Quote

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
IA: Lots of TJ parts for sale meatlord Classifieds Archive 88 01-15-2012 05:35 PM
autolite spark plug mail in rebate. dmiller369 TJ General Discussion Forum 0 03-28-2011 07:57 PM
FRAM Oil Filter Warning! ctlucas93 YJ General Discussion Forum 77 02-09-2011 06:30 PM
Badlands sold??? jpdocdave Off-Topic 3 03-11-2008 10:40 PM

Download our Mobile App

» Featured Product

All times are GMT -5. The time now is 10:24 AM.

User Alert System provided by Advanced User Tagging v3.1.0 (Pro) - vBulletin Mods & Addons Copyright © 2015 DragonByte Technologies Ltd.

Jeep®, Wrangler, Liberty, Wagoneer, Cherokee, and Grand Cherokee are copyrighted and trademarked to Chrysler Motors LLC. is not in any way associated with the Chrysler Motors LLC