LONGVIEW, TX – The truck component supplier Stemco announced Wednesday it reached an agreement to acquire the Veyance North-American air springs business from the German automotive manufacturer Continental AG.

The air springs business unit is the manufacturer of Goodyear air springs and was previously part of Veyance Technologies Inc., which Continental acquired in January 2015.

The deal faces regulatory approvals while terms of the sale were not released.

According to Stemco, Todd Anderson, president, informed customers of the company’s intent to purchase the air springs business unit, which includes facilities in Fairlawn, OH and San Luis Potosi, Mexico where the Goodyear air springs are manufactured.

The deal will also bring the existing air springs manufacturing, design and support teams onto the Stemco staff.

“The air springs business carries with it premium product performance,” said Anderson. “Customers will be able to count on the same consistent product performance and brand attributes, as the products will continue to be manufactured in the same facility and engineered by the same design team with the same support functions, in addition to gaining the support of the entire Stemco team.”

During the transition period, which Stemco expects to be completed in July, all customer inquiries, payments and other communications will be handled through their existing channels. Upon the closing of the transaction, the Stemco sales team will work in conjunction with the existing air springs team to fully support the customer network.

Stemco is owned by EnPro Industries Inc., which has several other companies and is a U.S. manufacturer of sealing technologies and engineered products.