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Tenneco news and updates
Tenneco will decrease headcount by 600 on Dec 31st 23'.
However, Tenneco plans to vacate the space and lay off its nearly 600 employees by the end of 2023.
Jan 1, 2022 | bizjournals.comTenneco expands facilities to Russia
Lake Forest, Illinois-based Tenneco, a supplier of automotive components, opened a manufacturing facility in Togliatti, Russia, in 2003, and an emissions plant in St. Petersburg, Russia, four years later.
Jan 1, 2022 | cbsnews.comTenneco launches advanced OE hybrid friction material composites
Leveraging its comprehensive material science expertise, Tenneco (NYSE: TEN) is introducing advanced OE hybrid friction material composites that simultaneously serve braking performance and comfort requirements in both internal combustion engine (ICE) and electric vehicles (EVs).
Jan 1, 2022 | tenneco.comApolloreit acquired Tenneco for $5.4B on Jul 21st 22'.
A club of banks led by Citigroup Inc. and Bank of America Corp. has postponed the $5.4 billion buyout financing that was meant to launch this month to help fund Apollo Global Management Inc. ’s acquisition of Tenneco Inc.
Jan 1, 2022 | bloomberg.comTenneco is developing integrated exhaust thermal management system on Mar 1st 21'.
In March 2021, Tenneco’s Clean Air business department has joined forces with Eaton’s Vehicle Group to develop an integrated exhaust thermal management system that will allow commercial truck and light vehicle manufacturers to fulfill forthcoming emissions rules.
Sep 22, 2022 | topionetworks.comTenneco closed offices in Woodman Drive on Nov 1st 21'.
In November 2021, Tenneco officials publicly announced the Kettering plant on Woodman Drive would be closed permanently, eliminating over 600 jobs.
Jul 1, 2022 | whio.comTenneco hires Stafeil as CFO
Mr. Stafeil will replace Matti Masanovich, who will depart as Tenneco's CFO upon consummation of the transaction.
Oct 31, 2022 | streetinsider.comTenneco hires Jim Voss as Chief Executive Officer
"I want to thank Matti Masanovich for the significant contributions made as CFO and as a member of Tenneco's senior executive team," said Jim Voss, who will join Tenneco as the company's Chief Executive Officer at the close of the acquisition.
Oct 31, 2022 | newrivervalleytimes.comPegasus Holdings III, LLC acquires Tenneco
☐ On November 17, 2022, Pegasus Holdings III, LLC, a Delaware limited liability company (“ Parent ”), completed the previously announced acquisition of Tenneco, pursuant to the Agreement and Plan of Merger, dated as of February 22, 2022 (the “ Merger Agreement ”), by and among Tenneco, Parent and Pegasus Merger Co., a Delaware corporation and wholly owned subsidiary of Parent (“ Merger Sub ”).
Nov 17, 2022 | streetinsider.comTenneco signs new client Rivian
Tenneco has been selected to provide intelligent suspension and anti-vibration performance materials solutions for U.S.-based electric-vehicle manufacturer Rivian Automotive.
Dec 22, 2018 | aftermarketnews.comTenneco sells assets to Oak Street Real Estate Capital LLC in the amount of $53M
Auto parts manufacturer Tenneco has sold a 1 million-square-foot plant near Chicago for more than $53 million to Oak Street Real Estate Capital, a firm known for structuring sale-leaseback deals with companies looking to free up cash.
Dec 21, 2022 | costar.com