Auto Service World
News   September 11, 2018   by Adam Malik

Is Trico up for sale?

Jay Burkhart

Reports are circulating that auto parts maker Crowne Group is looking into the possible sale of its wiper blade group, Trico.

Bloomberg recently reported that people familiar with the matter said Crowne has had discussions with investment banks about a possible sale. A final decision hasn’t been made, according to Bloomberg, and the company could ultimately decide to keep the Michigan-based business in its portfolio.

Bloomberg also said e-mails and telephone messages asking for comment were not returned.

Trico was bought by Cleveland-based Crowne in 2014. Earlier this year, the company renamed its aftermarket business to Trico Group, which consists of the wiper blade company, Carter fuel pumps and StrongArm lift supports.

“As we continue to grow our aftermarket business, it became clear to us that we should lead with our best-known brand name, Trico, as our company name representing our product brands, as well as our continued focus on customer growth,” Trico group president Jay Burkhart said at the time.

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