November 25, 2014 6:23 PM ET


Company Overview of Transtar Industries, Inc.

Company Overview

Transtar Industries, Inc. distributes transmission related products, automotive specialty repair and refinishing products, and parts and accessories. It offers transmission rebuild kits, remanufactured transmissions, hard and soft parts, valve bodies, overhaul kits, shims and seals, differential components, torque converters, transmission fluids and filters, standard transmission clutches, flywheels, and transmission lines, as well as service items, tools, and manuals. The company also offers electrical products, such as solenoid valves and actuators, torque converter clutch solenoids, electronic pressure control solenoids, transmission pressure switches, and transmission wiring harnesses; t...

7350 Young Drive

Cleveland, OH 44146

United States

Founded in 1975





Key Executives for Transtar Industries, Inc.

Chief Executive Officer and President
Age: 51
Founder and Director
Chief Financial Officer
Chief Human Resources Officer and Executive Vice President
Vice President of Specialty Markets
Compensation as of Fiscal Year 2014.

Transtar Industries, Inc. Key Developments

Transtar Industries to Permanently Close its McKees Rocks Plant, Resulting in 136 Layoffs

Transtar Industries told the Pennsylvania Department of Labor and Industry that it will permanently close its McKees Rocks plant, resulting in 136 layoffs. The plant is expected to close by the end of October. Work done there will be transferred to plants in Tennessee and Michigan. The company's sales office on Hamilton Avenue will not be affected.

Transtar Reportedly On The Blocks

Transtar Industries, Inc., owned by Friedman Fleischer & Lowe LLC, is exploring a sale that could fetch $1 billion including debt, Reuters reported citing people familiar with the matter. Bank of America Corporation (NYSE:BAC) and Harris Williams LLC are believed to be hired for an auction of Transtar Industries, Inc. Friedman Fleischer & Lowe LLC, Transtar Industries, Inc. and Bank of America Corporation declined to comment. A Harris Williams LLC spokeswoman did not respond to a request for comment.

Transtar Industries, Inc. Announces Executive Changes

Transtar Industries, Inc. announced that Timothy E. Bowes will join Transtar as Chief Executive Officer. Bob Keegan, who acted as interim CEO during the search, will remain as Executive Chairman of Transtar. Bowes joins from Meritor Inc., where he worked the last seven years and most recently served as an Executive Officer and President of Meritor's Commercial Truck and Industrial business unit.

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March 3, 2014
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