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WABCO STANDARD AND DEUTSCHE PERROT-BREMSE TO FORM A NEW JOINTLY OWNED COMPANY

 NEW YORK, Dec. 6 /PRNewswire/ -- WABCO Standard GmbH, the German Business Unit of American Standard Inc., and the owners of Deutsche Perrot-Bremse GmbH have agreed to form a new jointly owned company to conduct all engineering, manufacturing and sales activities of Perrot's foundation brake business. WABCO will hold a majority position of 70 percent in the new company, Perrot Bremsen GmbH, which is expected to be operational early in 1994, subject to approval of Bundeskartellamt, the German anti-trust authority.
 "This venture with a well positioned specialized company is an important step toward the extension of our product range, especially in view of the emerging heavy duty disc brake business for the commercial vehicle industry," says Horst Hinrichs, group executive of American Standard's WABCO Automotive Products Business. "This will give Perrot a broader access to the commercial vehicle markets due to WABCO's strong worldwide presence in the vehicle control segment," adds Andreas Rittinghausen, representing the owners of Perrot.
 American Standard Inc. is one of the world's leading suppliers of equipment, principally air conditioning, heating, and plumbing products to the construction and related industries. It is also a major producer of braking and other control systems for the commercial vehicle industry.
 -0- 12/6/93
 /CONTACT: Lillian Kalfas of American Standard, 212-703-5246/


CO: WABCO Standard GmbH; American Standard Inc.; Deutsche Perrot-Bremse
 GmbH ST: IN: AUT SU: JVN


TW-SH -- NY037 -- 0701 12/06/93 10:46 EST
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Publication:PR Newswire
Date:Dec 6, 1993
Words:234
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