Federal-Mogul Signs Agreement to Sell OE Molded Lighting Assembly Operations to Decoma International.(Brief Article)

Federal-Mogul Corp. said it agreed to sell its OE molded lighting assembly operations to Decoma International Inc. The agreement is subject to approval by the U.S. Bankruptcy Court in Wilmington, Delaware, and other conditions.

Federal-Mogul first announced it desire to sell the lighting operations in August 2002. Under the sale agreement, Decoma International would acquire Federal- Mogul's OE lighting manufacturing facility in Matamoros, Mexico; a distribution center in Brownsville, Texas; and an assembly operation in Toledo, Ohio.

Decoma International would also acquire the customer contracts and supporting manufacturing equipment at Federal-Mogul's lighting facility in Hampton, Virginia, Federal-Mogul said. The OE lighting plants to be acquired from Federal-Mogul by Decoma International have more than 400 employees and produce primarily forward lighting modules for cars and trucks.

Federal-Mogul said it will continue to maintain its lighting manufacturing operations in Boyertown, Pennsylvania, and Sparta, Tennessee, which produce bulbs, sealed beam and light source products to Tier 1 suppliers who in turn sell them to vehicle manufacturers. Federal-Mogul also will maintain its Wagner Lighting products manufactured in Boyertown and Sparta, and its Zanxx lamp socket business in Avilla, Indiana.

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