Remy International had its beginnings in 1896 when Frank and Perry Remy Nates opened a home wiring business in
Anderson, Indiana. In 1901 the Remy Electric Company was incorporated. Perry Remy had conducted experiments with
magnetos and by 1910 the company was producing 50,000 magnetos a year. To prove the dependability of their product, the Remy brothers sent two men on a journey in 1909. They drove a Remy-equipped
Buick Four on a ten-week trip from the hills of Kentucky to the swamps of Florida. The Remy brothers sold their firm to Stoughton Fletcher Jr. and the Fletcher Savings and Trust in 1911 for a reputed one million dollars. Fletcher expanded the product line to include cranking motors, generators, and distributors. Kettering also manufactured ignition equipment and generators. The
United States Motor Company purchased the two competitors in 1916 and incorporated them into their operations. The companies remained separated until purchased by
General Motors two years later. The company continued to use the Delco Remy brand for some products under license from General Motors. In October 2007 Remy Worldwide Holdings filed a voluntary prepackaged proceeding under chapter 11 of the US Bankruptcy Code and exited the proceedings in 2008. Fidelity National Financial came to be their largest equity holder with 47% of the shares of common stock by converting Fidelity's ownership of Remy's bonds into new equity of the reorganized Remy. On December 13, 2012, Remy International was listed on the
Nasdaq stock exchange and CEO John Weber rang the ceremonial opening bell on December 17, 2012. Approximately one year later, Remy stock was listed to the
Nasdaq Global Select Market on December 16, 2013. Remy International announced on January 13, 2014, that it would acquire the assets of USA Industries. USA Industries is a worldwide distributor of remanufactured and new alternators, starters, CV axles and disc brake calipers. It was founded in 1985 in Bay Shore, New York. Today, USA Industries has over 300 employees with warehousing and distribution centers across the United States.
BorgWarner announced an agreement to acquire Remy International on July 13, 2015, and completed the acquisition on November 10, 2015. "Delco Remy" remains a registered trademark of General Motors Corporation licensed to BorgWarner PDS (Anderson) L.L.C. On January 25, 2019, BBB Industries, LLC, acquired the equity interests of the Remy North American Rotating Electric business consisting of Worldwide Automotive, LLC and Remy Mexico Holdings B.V., more commonly known as “Remy Power Products”. The transaction encompasses the entirety of the North American Rotating Electric business. The “Remy” brand is a licensed trademark of BBB Industries, LLC. In July 2023, BorgWarner spun off its fuel parts and aftermarket segments as part of a plan to focus on its electric vehicle drivetrain business. The newly created standalone company PHINIA, which took over the fuel parts and aftermarket segments, publicly trades on the New York Stock Exchange under the symbol PHIN. ==Products==