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February 20, 2013 01:00 AM

Tenneco restructures into 2 units

Tire Business Report
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    LAKE FOREST, Ill.—Tenneco Inc. has restructured its operations into two business units, a Clean Air Division comprising its emissions-control businesses and a Ride Performance Division comprising its ride control businesses.

    The restructuring "brings even greater focus on our product lines as we continue to execute distinct strategies for each business and drive profitable growth," said Chairman and CEO Greg Sherrill.

    At $3.27 billion in revenue last year, the Clear Air Division is larger than the Ride Performance Division's $2.44 billion sales. Both divisions are profitable.

    Among the Ride Performance Division's brands are Monroe and Rancho shock absorbers and Clevite noise/vibration/harshness-dampening components, while the Clear Air Division's brands include the Walker, Dynomax and Thrush exhaust systems.

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