Cequent Performance Products is marking a milestone this year for its Tekonsha brand of brake controls and electrical products. According to a press release, the company has achieved 50 years in the automotive aftermarket.
Since Tekonsha’s inception in 1964, products have ranged from RV steps to its flagship line of trailer brake controls. Tekonsha, named after its home-based operations in Tekonsha, Mich., was founded by Jim Melluish. In 2003 it was incorporated into the Cequent family of brands.
“Tekonsha has a long history of success and adaptation,” says Tom Benson, president of Cequent Performance Products. “It is one of our premier brands that has stood the test of time and is in great demand by new and existing customers alike.”
With 50 years under its belt, the Tekonsha brand is looking toward the future, confident in meeting the needs of the next generation of customers.
“We’ve been fortunate to have such a successful brand over the past 50 years, and would like to thank our dedicated customers and employees for putting their trust in Tekonsha. We couldn’t have done this without you,” said Benson.
Cequent has created a video highlighting major breakthroughs and turning points throughout its five decade history. Click here to view.
Diversified manufacturer TriMas Corp. reported that the New York Stock Exchange (NYSE) said the company no longer meets its listing standards.
According to the Associated Press, Bloomfield, Mich.-based TriMas said over the past 30 trading days that its total market capitalization was less than $75 million, and its most recently reported stockholders’ equity was less than $75 million.
TriMas said it will submit a plan to the NYSE that details how it will comply with the NYSE’s continued listing standards. This plan will detail ways to improve its balance sheet, support business initiatives to improve profitability and generate strong cash flow.
The company services the RV industry through its Cequent Group, comprised of several towing product brands that include Draw-Tite, Reese, Fulton, Wesbar, Bull Dog, Hidden Hitch and Tekonsha.