Remy International Inc. has announced that its common shares are now listed on The NASDAQ Stock Market LLC, the second largest stock market exchange in the world.
Founded by the Remy Brothers in 1896, Remy International, Inc. is a leading global manufacturer and remanufacturer of alternators, starter motors and electric traction motors. It is headquartered in Pendleton, Indiana, with global operations across five continents and 10 countries.
President and CEO John Weber – along with the company's executive team – celebrated the company's trading on NASDAQ by ringing the ceremonial opening bell on Monday morning, December 17th."This is an exciting milestone for all of us at Remy," said Weber, "and a significant event for our customers, investors, and partners. Becoming a publicly-traded company will accelerate growing the business.
"I would like to thank our investors for their confidence in us," continued Weber. "I would especially like to thank our employees around the world. Even in this challenging global economic environment, we continue to grow our share in the marketplace and deliver strong operating performance. This is a real testimony to our employees' passion, dedication and excellence."