The division was bought by New York-based private equity investors The Cypress Group, which has established the aftermarket business under a subsidiary company, Affinia. QH management says the sale will bring benefits for its business and for its customers.
“QH will continue our path of accelerated changes to better enhance our customers’ expectations. We will continue to develop our core products and strengths with greater support from our new parent, Affinia,” says a senior spokesman. However, he was unable to provide specific details of any changes that would result.
“During our operational revitalisation, we’ll pursue organic growth through enhanced customer service, consistent product improvements, new market development and flawless delivery,” he says.
Dana Corporation chairman and chief executive Michael Burns says the sale puts the business in good hands. He adds: “We believe the aftermarket team and their customers will be well served by their new association with The Cypress Group, which has expressed its dedication to growing this business and fully optimising its opportunities.”
Founded in 1946, QH has more than 700 employees in the UK, at three sites – its Nuneaton headquarters, and manufacturing plants in Colwyn Bay and Brownhills.
Its products fall into six main divisions: cooling, steering and suspension, transmission, auto electrics, brakes and hydraulics and filters, under brands including QH, Moprod, Commercial Ignition, Krooklok and Lipmesa. It also has plants in Italy and Spain.
The spokesman says focus for the immediate future will remain on maintaining customer relationships and enhancing its performance.