Jasper Engine and Transmission Exchange has signed an agreement to acquire Weller Truck Parts, the companies announced.
While the deal is not expected to close until spring 2014, Jasper and Weller will “begin working more closely together,” the companies said in a statement. Weller Auto will continue to be owned by the Weller family.
“Weller will remain an independent company with their products as will Jasper,” President John Weller said. “Both groups will work together to share best practices and make improvements for the betterment of all.”
Jasper president Zach Bawel added, “We are excited about the growth opportunities for both companies and are anxious to welcome the Weller team.”
Weller Truck Parts started in 1973 as a growth of Weller Auto Parts, which was founded in 1930. In 1985, the company began focusing on remanufacturing. It has 800 employees and 29 production and distribution facilities for remanufacturing of heavy-duty transmissions and differentials.
Jasper remanufactures gas and diesel engines, automatic and manual transmissions and differentials. The company, founded in 1942, has 1,800 employees and more than 40 U.S. locations.