Wilmerding-based rail manufacturer Wabtec Corp. today announced it has acquired Dia-Frag, a Brazilian company that manufactures friction braking products.
“Wabtec is a worldwide leader in friction products for rail and adjacent niche markets, and Dia-Frag will be a strong strategic addition to this portfolio," said Raymond T. Betler, Wabtec president and CEO. The company makes motorcycle braking equipment, including disc brake pads and drum brake shoes.
Dia-Frag has annual sales of about $40 million, according to a news release from Wabtec, and about 300 employees. Wabtec plans to use Dia-Frag's 15,000-square-meter production facility in Monte Alto, Brazil, as a manufacturing center.