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October 24, 2013

Federal-Mogul parts ways with Logansport

Fuel pump plant divested in global restructuring.

Logansport’s Federal-Mogul fuel pump manufacturing plant is no longer part of the global publicly held company.

The plant at 101 E. Industrial Blvd., its engineering center and related assets, including the Carter brand of fuel pumps, was recently sold, Federal-Mogul executives said Wednesday.

The divestiture came as part of the company’s global restructuring and refocus on its core products. The fuel pumps manufactured in Logansport were “non-core business that don’t fit our long term strategic plan,” according to Rainer Jueckstock, co-CEO of Federal-Mogul’s Powertrain segment, under which the Logansport plant had formerly been incorporated.

The plant, now named Carter Fuel Systems, had generated $80 million in sales in 2013 up until its divestiture, according to a press release from Federal-Mogul, and employed 380 people.

The plant was one of seven plants employing more than a thousand people that Federal-Mogul sold this year.

“The company made several acquisitions in the late 1990s and early 2000s,” said Steven Gaut, spokesman for Federal-Mogul. “As part of those acquisitions, we absorbed business lines that had direct alignment with products we were already in, but there were also several business lines ... that didn’t really merge into the portfolio of the company.”

Federal-Mogul sold seven plants this year — three under the Sintertech name located in France, a cam-shaft casting plant in the United Kingdom, a connecting rod manufacturing plant in Canada and a machining plant in Germany, as well as the Logansport plant — which were described in a Federal-Mogul quarterly earnings presentation as located in “high-cost countries.”

“Ultimately they weren’t going to get the kind of strategic focus at Federal-Mogul that they would someplace else,” Gaut said.

Gaut indicated all employees at the Logansport plant had received offers of employment from the current owner.

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