“We are very excited about the purchase of Interfil from DRiV,” Bishara noted. “This is an important acquisition for the future growth of PGI on an international scale and a vital part of our expansion into Mexico, Central, and South America. PGI has already established a robust and diversified global supply chain. Our resources and capabilities in Mexico will become a key part of our supply chain, which will allow us to cut the lead time and hedge against further escalation in the trade war with China.”
Interfil is a 40-year-old company and considered to be the 2nd largest filter manufacturer and supplier in Mexico, PGI says. In 2016, Federal-Mogul Motorparts acquired Interfil, prior to Tenneco’s acquisition of Federal-Mogul LLC. Besides Interfil-branded products, Interfil is a supplier of private label filters for the aftermarket and OES/OEM sectors.
Premium Guard plans significant investment at the Tultitlan facility to fulfill customer requirements and volume and will remain a strategic supplier for Tenneco’s Champion brand. The company expects a smooth transition of ownership with no changes to staff or management at this time.
Bryon Osterland, Group vice president & general manager, Motorparts Product Management & Engineering, noted, “As a leader in the filters industry, this business represents an excellent strategic fit for PGI to expand its filters manufacturing and distribution footprint.”
