BAGLEY, Minn., May 28, 2015 /PRNewswire/ — TEAM Industries announced today the acquisition of the TEAM Aftermarket division by Venom Products LLC effective August 1^st, 2015. Venom Products will supply all products currently offered by TEAM Aftermarket and has exclusive rights to all TEAM Aftermarket products going forward. TEAM Industries will continue to manufacture their patented clutches offered through Venom Products.

Current distributors and dealers of TEAM Aftermarket will maintain their respective status with Venom Products.

About TEAM Industries
TEAM Industries is a vertically-integrated engineering and manufacturing company that has been driving innovation in performance and reliability-enhancing components for nearly half a century. Headquartered in Bagley, MN, TEAM offers a complete range of services, from collaboration on new product designs to custom contract manufacturing. Their principal products include transmissions and transaxles, axles and four-wheel-drive systems, continuously variable transmissions (CVTs), and electric vehicle drivetrains. For more information, visit www.team-ind.com

About Venom Products
Venom Products is the exclusive source for TEAM Aftermarket products as well as other powersports components and assemblies. Venom Products will be starting business on August 1^st, 2015 in Detroit Lakes, MN. For more information, like us soon on Facebook.

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/team-industries-and-venom-product-agree-on-acquisition-of-team-aftermarket-division-300090154.html

SOURCE TEAM Industries