Swanson Industries Acquires the Off-Highway Business of TransAxle
Swanson Industries, Inc. has acquired the Off-Highway Business of TransAxle Holdings, LLC. The Off-Highway Business is a premier U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems, and related industrial products for numerous off-highway verticals. Over its 46-year history, the Off-Highway Business has built a reputation for delivering unparalleled capabilities, quality, and service. From locations in Pennsauken, New Jersey and Garner, North Carolina, it serves a diverse array of customers across the hard rock mining, metals, construction, aerospace, and marine sectors, among others. The Off-Highway Business will be re-branded as the Swanson Off-Highway division. Swanson will provide the division with substantial additional capacity and resources, supporting its continued growth through expanded capabilities and enhanced service offerings.
“Our strategic acquisition of the Off-Highway Business will enable us to capitalize on many overlaps and potential synergies between our offerings, customers and end markets,” said David Brightbill, CEO of Swanson. “The Off-Highway Business has developed a truly differentiated breadth of technical expertise and a strong reputation in its end markets. We are very excited to welcome the Off-Highway Business’ talented employees and to work together to further strengthen Swanson’s leading market position by expanding our reach and capabilities.”
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