BNET Industries
Market Cap:$8.6M
Last Fiscal Year Sales:$1.1B
- Public
- US
Dow Jones Description
Remy Electric started 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 little 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) and Remy Electric Company. Two years later United Motors merged with General Motors as the companies combined their product lines to included automatic starters, electric windshield wipers, generators and distributors.
Number of Employees 5,000
Peer Companies
NAICS Code Motor Vehicle Body Manufacturing: 336211
Recent Events
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Remy Post Q3 Reuslts
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Remy presents new motors for hybrids
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Remy, Phoenix International In Hybrid Collaboration
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Remy, Phoenix Get $60.2 Million Hybrid Grant
News & Analysis
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remy international inc. - All News and Analysis
Remy International
- 2007-08-01
REMY INTERNATIONAL: Remy Inc. has announced two additions to the Delco Remy sales and marketing team: Rick Hehman has been appointed marketing director, responsible for all facets of the marketing department including planning and implementing marketing strategy, new product launches, marketing services, collateral material, trade shows and customer communications. He...
Auto News digest.(Briefs)(Toyota Motor Corp. delays the launch of the next-generation Prius)(Remy International Inc. plans Chapter 11)(Isuzu Motors Ltd. plans engine plant)
- 2007-06-18
Report: Next Prius is delayed TOKYO - Toyota Motor Corp. will delay the launch of the next-generation Prius by half a year, according to a Japanese newspaper. The redesigned Prius was supposed to go on sale in Japan in the fall of 2008 but...
Supply line.(Remy International Inc. acquired Caterpillar Inc.)(Visteon Corp. (Dearborn, Michigan)'s downsizing its operations)(Tenneco Inc. forecasting its sales)
- 2007-02-12
Remy sells unit, reduces debts DETROIT - In a bid to raise money to pay off debt, Remy International Inc. will sell its light- and medium-truck diesel engine and component remanufacturing business to Caterpillar Inc. for $150 million. The deal is...
Auto News digest.(Delphi Corp. and United Automobile Workers plan to make permanent all temporary hires.)(Dura Automotive Systems Inc. gets financing)(Plastech Engineered Products Inc. off Standard & Poor's Corp.'s credit watch)
- 2006-11-27
Delphi makes its temps permanent DETROIT - Delphi Corp. and the UAW have agreed to make permanent all temporary hires made before Monday, Nov. 20, the UAW said last week. Delphi, which has been operating under Chapter 11 bankruptcy protection since October 2005, had...
John H. Weber Appointed President and Chief Executive Officer for Remy International, Inc.
- 2006-01-23
ANDERSON, Indiana, January 23 /PRNewswire/ -- Remy International, Inc. ("Remy International" or the "Company") announces the appointment of John H. Weber to the position of President and Chief Executive Officer for Remy International succeeding Thomas J. Snyder. Mr. Weber was most recently...
Remy slips into troubled water.(Delco Remy International Inc.)
- 2005-11-21
Byline: Robert Sherefkin Remy International Inc., a former unit of General Motors that spun off more than 10 years ago, has become an increasingly risky financial bet. "They are very much at risk if anything goes wrong,'' says Nancy Messer, a...
Remy International completes acquisition of OKC-based Unit Parts
- 2005-03-23
Unit Parts, a major supplier of automotive aftermarket parts, has been acquired by Remy International in a $55 million cash transaction, the companies announced Tuesday. Oklahoma City-based Unit Parts, which has more than 1,100 employees at its plant at 4600 SE 59th St., primarily deals in remanufactured starters...
Remy International Completes Acquisition of Unit Parts Company.
- 2005-03-22
ANDERSON, Indiana, March 22 /PRNewswire/ -- Remy International, Inc., today announced that it has completed its acquisition of the assets of Unit Parts Company UPC, based in Oklahoma City. Unit Parts is a major supplier to the automotive aftermarket for ...
Remy International buys OKC-based Unit Parts assets
- 2005-03-01
Remy International has signed a definite agreement to acquire the assets of Oklahoma City-based Unit Parts Co. Remy officials said Monday the transaction is expected to close in March. Unit Parts, which has more than 1,100 employees at its plant at 4600 SE 59th St., is...
Remy and Johnson Electric Sign Strategic Agreement.
- 2005-02-17
ANDERSON, Indiana, February 17 /PRNewswire/ -- Remy International, Inc., ("Remy") and Johnson Electric Holdings Limited ("Johnson Electric") based in Hong Kong, announce the signing of a strategic cooperative agreement. Under the terms of the agreement, Johnson Electric will supply Remy with components,...
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