Varity Corporation

Varity Corporation is a major international industrial company with core manufacturing and distribution businesses in automotive components and diesel engines. The company's Automotive Products Group supplies brake systems and components to domestic and foreign manufacturers of passenger cars and light trucks, through Kelsey-Hayes Company, as well as medium and heavy trucks and trailers, through Dayton Walther. Through the Perkins Group, the company designs, produces and markets a comprehensive array of multi-cylinder water-cooled diesel engines in the 7 to 2,500 horsepower range. Automotive products accounted for 58% of 1995 revenues and engines, 42%.