ANDERSON, Ind., July 26 /PRNewswire/ -- Delco Remy International, Inc.,
changes its corporate name to Remy International, Inc., effective August 1,
2004, marking the tenth anniversary as a separate company from General Motors
Corporation.
The company will continue to market certain starters and heavy-duty
alternators for original equipment and aftermarket customers under the Delco
Remy trademark, which is licensed to the company by General Motors. The
company will also add the Remy trademark to its brand portfolio for a variety
of automotive products in addition to using Remy International, Inc., as the
new corporate name.
Under a separate agreement, the company continues its relationship with GM
Service and Parts Operations to distribute aftermarket, light-duty starters,
under the AC Delco brand, for the U.S. and Canada.
"This journey started with Remy Electric in 1896. Now we are going back
to our roots," noted President and CEO Thomas J. Snyder. "Remy has been
synonymous with great automotive products for decades. Our new strategy will
offer two top trademarks, Remy and Delco Remy," he added.
Remy headquarters and the technical center will continue in Anderson,
Indiana. Administratively, there will be some changes, but operations,
production and deliveries will be unaffected according to Snyder.
The original company began as a home wiring business back in 1896 when two
brothers, Frank and Perry Remy, stopped long enough in Anderson, Indiana, on
their way West, to find a heartland-America community with all the resources
and opportunities they needed to set up shop and stake their futures.
Oil and gas discoveries in Madison County a few years earlier ignited the
great Central Indiana "Gas Boom" as the population exploded to meet the needs
of diversified industries springing up and thriving on the low-cost energy.
The fledgling Remy Electric Company found its wings with the emergence of
the "horseless carriage" and its need for electrical components. Sparking
engines with the reliable Remy Magneto demonstrated that the small company in
Indiana could deliver just what the industry needed and positioned Remy at the
top of manufacturers' supplier lists. By 1910, magneto production reached
50,000 units per year.
In 1911, the Remy brothers sold the company to Fletcher Savings and Trust
Company. Another ownership transfer occurred in 1916 when United Motors
Corporation purchased the Dayton Engineering Laboratories Company (DELCO),
originator of the first electric starter, and Remy Electric Company. Two
years later United Motors merged with General Motors as DELCO and Remy
combined their product lines to include automatic starters, electric
windshield wipers, generators and distributors.
Proven on the road and on the battlefield, Delco Remy, operating as a
division of GM, developed advanced technologies and provided the industry with
automotive, heavy-duty and U.S. military products for 76 years. In 1994, the
Heavy Duty Systems and a portion of the Automotive Systems were sold to a
group of private investors led by former Chrysler President, Harold K.
Sperlich and Delco Remy executive, Thomas J. Snyder.
In ten years, Delco Remy International, Inc., has doubled in size with
over 6,000 employees worldwide and recorded more than $1 Billion in sales last
year, placing it as the seventh largest privately-held company based in
Indiana. Product lines have expanded to include starters, alternators,
transmissions, engines, fuel systems and remanufacturing operations now
located on four continents ... closer to the global original equipment
customers and service markets.
More information is available at http://www.delcoremy.com now and
http://www.remyinc.com after August 1, 2004.
SOURCE Delco Remy International, Inc.
 back to top
Related links:
http://www.delcoremy.com
Company News On-Call:
http://www.prnewswire.com/comp/111635.html
CONTACT:
John Pyzik of Delco Remy International, Inc.,
+1-317-590-7934
|
