Hastings Manufacturing Co. and Piston Rings Komarov, both leading global designers and manufacturers of piston rings for the OEM and aftermarket channels have announced their merger.
“Hastings Manufacturing and Piston Rings Komarov have had a longstanding and positive relationship,” said Ken Holbrook, Hastings CEO and president.
Piston Rings Komarov is a leader in the design and manufacture of state-of-the-art piston rings with an established footprint competitively serving global customers, particularly in the European and Russian regions.
Hastings Manufacturing has established a dominant market share presence in the Americas, South Africa and the Middle East for more than 100 years. By joining forces, both companies can leverage technology, a larger footprint and a greater reputation to add value to customers around the world.
The newly merged companies say current and new customers will benefit from an expanded product offering, lower lead times, competitive pricing and a regional infrastructure, including R&D, manufacturing, logistics, warehousing, sales and customer service support.
“We view this merger of two equals as an opportunity to strengthen our value proposition to the market place,” said Petr Masek, general manager of Piston Rings Komarov.
Over the next few months, a carefully thought-out transition plan will take place, aligning both sites to operate collectively, while continuing to function from their respective headquarters. Masek will continue to lead the Piston Rings Komarov manufacturing organization and will report to Holbrook.