The off-highway business is a U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems, and other industrial products for various off-highway verticals. It has locations in Pennsauken, New Jersey and North Carolina, and serves customers in the hard rock mining, metals, construction, aerospace, marine and other sectors. 

“Our strategic acquisition of the off-highway business will enable us to capitalize on many overlaps and potential synergies between our offerings, customers and end markets,” said David Brightbill, chief executive officer of Swanson.

The off-highway business will be rebranded as the Swanson off-highway division. The company said it will give the division more capacity and resources to support its continued growth with expanded capabilities and enhanced service offerings.