| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
31 |
| Employees |
4,000 |
| Revenues (TTM) (Millions $) |
1,136 |
| Net Income (TTM) (Millions $) |
13 |
| Cash Flow (TTM) (Millions $) |
82 |
| Capital Exp. (TTM) (Millions $) |
23 |
Business Description
Remy International, Inc. was a leading manufacturer of advanced electrical systems, components and power management solutions for the automotive, commercial and heavy-duty vehicle markets, as well as the aftermarket. The company was headquartered in Pendleton, Indiana, and had operations in the United States, Europe, and Asia.
History
Remy International, Inc. was founded in 1896 as the Remy Electric Company in Anderson, Indiana, by brothers Frank and Perry Remy. The company started out manufacturing electric motors for streetcars and electric automobiles, but later expanded its product line to include starter motors, alternators, and other electrical components for the automotive industry.
In 1964, Remy Electric was renamed the Remy Corporation, and in 1994, it was acquired by Delco Remy International, Inc. In 1998, Delco Remy was purchased by General Motors, which later sold off Remy's assets to an investment group in 2004. The company went public in 2012, and two years later, it was acquired by BorgWarner, Inc.
Products
Remy International, Inc. was best known for its alternators and starter motors, which were used in everything from passenger cars and heavy-duty trucks to marine and industrial applications. In addition to its core products, the company also manufactured power management solutions, such as battery monitoring systems and driver-assisted technologies.
Some of the notable products produced by Remy International include:
- The Remy Farm Equipment line of starters and alternators
- The Delco Remy Heavy Duty line of alternators and starters
- The Remy Power Products line of battery management systems and other electrical components
Markets
Remy International, Inc. was a global company with operations in North America, Europe, and Asia. Its products were sold to OEMs, parts distributors, and repair shops in a variety of markets, including automotive, heavy-duty, marine, and industrial.
Some of the major customers of Remy International included General Motors, Ford, Chrysler, Caterpillar, and Cummins. The company also had partnerships with various aftermarket distributors, including Federal-Mogul and WORLDPAC.
Corporate Responsibility
Remy International, Inc. was committed to corporate responsibility and sustainability. The company's initiatives included:
- Promoting diversity and inclusion in the workplace
- Reducing its environmental footprint through energy-efficient technologies and sustainable practices
- Investing in the communities where it operated through charitable donations and volunteer work
Conclusion
Remy International, Inc. was a leading manufacturer of electrical systems, components, and power management solutions for the automotive, heavy-duty, and industrial markets. The company had a long history dating back to 1896 and was known for its high-quality products and commitment to corporate responsibility. Although Remy International is no longer in existence, its legacy as a pioneering electrical components manufacturer lives on today.
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