Tenneco Automotive Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release
July 5, 2001
SEARS NAMES TENNECO AUTOMOTIVE NATIONWIDE SUPPLIER OF SHOCKS AND STRUTS
Monroe products to be available at more than 1,000 Sears and NTB outlets across U.S.
LAKE FOREST, ILL., July 5, 2001 - Tenneco Automotive (NYSE:TEN) today announced a long-term agreement to supply shock absorbers and struts to all 826 Sears Auto Centers and 225 National Tire and Battery (NTB) stores in the United States.
Tenneco Automotive’s full line of Monroe shocks and struts - including the premium Sensa-Trac and Reflex products - are scheduled to be available at all 1,051 Sears and NTB outlets by Sept. 1.
"Monroe is one of the most recognized automotive brands in the world," said Dave Gabriel, senior vice president and general manager of Tenneco Automotive’s North American Aftermarket. "Monroe has a reputation for offering technology-advanced and high quality products, and for creating innovative marketing programs with premium brands. Additionally, we appreciate the tremendous brand awareness and impressive reach of Sears, with 1,051 installer locations nationwide."
"Sears is committed to providing customers with the best quality products and services and this agreement allows us to now offer the complete line of Monroe ride-control products," said Bill White, president, Sears Automotive Group.
Sears will sell Monroe’s Sensa-Trac, Reflex and Rancho brands. All Monroe products will be manufactured at Tenneco Automotive’s facility in Paragould, Ark., and shipped to the five Sears master distribution centers.
Tenneco Automotive is a $3.5 billion manufacturing company headquartered in Lake Forest, Ill., with 23,000 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe® and Walker® global brand names. Among its products are Sensa-Trac® and Reflex™ shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow™ mufflers and DynoMax™ performance exhaust products, and Monroe® Clevite™ vibration control components.
Sears, Roebuck and Co. is a leading U.S. retailer of apparel, home and automotive products and services, with annual revenue of more than $40 billion. The company serves families throughout the country through approximately 860 department stores, more than 2,100 specialized retail locations, and a variety of online offerings accessible through the company’s Web site, www.sears.com.