Qualitor, Inc. Acquires Anstro Corporation
3 August 1999
Qualitor, Inc. Acquires Anstro CorporationSOUTHFIELD, Mich., Aug. 2 -- Qualitor, Inc., a company recently formed by senior automotive industry executive Ralph Reins and the private equity firm Wind Point Partners, today announced it has successfully completed the acquisition of Anstro Corporation, a privately held firm located in Wolcott, CT. Anstro, which had FY99 sales of slightly more than $39 million, is a leading supplier of brake hardware, noise shim insulators and disc pad backing plates to the automotive aftermarket. "The Anstro acquisition complements our existing hardware business (International Brake Industries), extends our product range and positions us as a stronger, tier two supplier to our key customers," said Ralph Reins, Chairman and CEO of Qualitor, Inc. We are very pleased that Robert R. Bosco Jr. will remain as President of Anstro after the acquisition and help us expand our hardware product range and continue to grow our sales and market reach. Based in Southfield, Michigan, Qualitor, Inc. had combined 1998 sales of more than $95 million.