Fortune 500 Company Acquires Magnum Gaskets

Feb 1, 2016

The aftermarket business of Magnum Gaskets has been acquired by Dana Holding Corp., which is known as a worldwide leader in engineered driveline, sealing, and thermal-management technologies.

Magnum’s product line expansion plans and its focus on serving program groups, warehouse distributors and the independent aftermarket receives a big boost heading into 2016, according to company officials.

“For our customers, only good things will result from this acquisition,” said Alex Grunfeld, who has joined the Dana team as senior manager of aftermarket sales. “Magnum Gaskets will now be supplied by one of the world’s most respected and technologically advanced companies in the automotive industry. Magnum Gasket sets will continue to feature American-engineered and manufactured, precision molded gaskets from Modern Silicone Technologies (MSi), but we are now backed by the resources of Dana Holding Corp., a Fortune 500 company for the past 61 years.”

Other key Magnum Gaskets have joined Grunfeld at Dana Holding Corp., according to the company.

The Magnum Gaskets brand was launched in 2012 by Modern Silicone Technologies. Modern Silicone Technologies will continue to serve unrelated markets for high-technology molded rubber and plastic products.

For more information, call Magnum Gaskets at 847-580-6110.