MAT Holdings and Honeywell Reach Licensing Agreement

August 12, 2014 - Long Grove, IL: MAT Holdings Inc., a global manufacturer and distributor of products in the automotive, hardware and power equipment sectors, and Honeywell, a Fortune 100 diversified technology and manufacturing leader, have reached an agreement under which MAT Holdings is granted an exclusive license for the use of the BENDIX trademark on automotive braking products to be sold in the United States.

As a major manufacturer in the brake business, MAT Holdings is well positioned to maintain the strong position and serve the future interests of U.S. BENDIX customers through a licensing agreement with Honeywell.

"MAT Holdings is thrilled to have the opportunity to write the next chapter in the long history of the BENDIX brand in the U.S.," said George Ruhl, President and Chief Operating Officer of MAT Holdings. "We look forward to building long lasting relationships with our existing and new customers in the automotive aftermarket sector by leveraging the strength of our existing portfolio of automotive parts and the BENDIX trademark."

About MAT Holdings
MAT Holdings, Inc. is a privately held company, founded in 1984, that has quickly grown as a respected global manufacturer, distributor and marketer of products in the automotive, fencing and hardware and power equipment sectors. Headquartered in Long Grove, Illinois, MAT Holding's Automotive Group consists of leading global manufacturers of high quality casting, friction, and suspension systems including Gabriel® shock absorber products for passenger, commercial and heavy duty vehicles. For more information regarding MAT Holdings, Inc. and its family of companies click here.

MAT Holdings Contact
Bob Craig
robert.craig@matholdingsinc.com
(847) 383-8595