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November 28, 2015 3:23 AM ET


Company Overview of Transtar Industries, Inc.

Company Overview

Transtar Industries, Inc. distributes transmission and drive train products to the automotive aftermarket in the United States, Puerto Rico, Canada, and internationally. The company offers Allison transmissions, differentials, electrical, fluids and filters, hard parts, manuals and services items, remanufactured transmissions, soft parts, standard transmissions and transfer cases, tools and equipment, torque converters, transmission rebuild kits, valve bodies, and wheel-end parts. Its customers range from independent and franchise transmission repair shops to production rebuilders and resellers, and full-service automotive repair businesses. The company offers its products through sales repr...

7350 Young Drive

Cleveland, OH 44146

United States

Founded in 1975





Key Executives for Transtar Industries, Inc.

Chief Executive Officer
Age: 49
Senior Vice President of Operations and Remanufacturing
Executive Vice President and Chief Financial Officer of Transtar Holding Company
Vice President of Global Distributors, Category Management & Marketing
Regional Vice President of West
Compensation as of Fiscal Year 2015.

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.

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