MGM Brakes Revenue and Competitors

MGM Brakes was born 50 years ago our of sheer necessity, when heavy, over-the-road vehicles, lacking a reliable air-brake system backup device, experienced air system failures that usually resulted in a runaway vehicle, endangering fellow motorists and pedestrians. In 1956 the founders of MGM Brakes came up with an innovative solution to this safety problem. They developed a chamber containing a powerful spring and piston which, when connected to the vehicle's foundation brake system, provided an emergency parking brake. Under normal operating conditions, the spring and piston were held back by air pressure allowing the wheels to freely turn. However, a loss of system air pressure would cause the spring to release, engaging the vehicles' foundation brakes. Whether acting as an on-the-road emergency brake, or as a secure parking brake, the device's safety benefits achieved worldwide acceptance as a simple solution to a serious problem that had plagued the transportation industry for decades. As the inventor and manufacturer of the industry's first truly effective spring parking brake, MGM Brakes rapidly progressed from its humble origins to industry-leader status, where today their products are standard equipment on more than 125 makes of commercial vehicles manufactured in over 40 countries. MGM Brakes continues to refine their product offering, developing new solutions for their customers' every changing needs, offering a full line of both double-diaphragm and piston-diaphragm spring brakes and service chambers for use with Wedge, S-cam, and Air Disc Foundation Systems. In addition, MGM is working on "next generation" technology with the development of a new Electronic Brake Monitoring System which can provide the driver, or maintenance personnel, with real-time wheel specific, problem specific information regarding the status of the actuators on their bus, truck or trailer. The MGM Research & Development Labs and Technical Center are equipped with the latest equipment and are staffed by the best and brightest people. MGM's products are manufactured at two ISO-Certified facilities in the United States and are readily available through their global sales and distribution network, which is serviced directly from their centralized distribution center, ensuring easy access and rapid delivery to their customers. MGM Brakes' pledge has always been to produce only the best quality products. That's how they became the industry's leader. When people think of spring brakes, they think MGM Brakes. After all, they invented the Spring Parking Brake.