In 1956, Tecumseh Products Company purchased the Lauson Manufacturing Company, which was founded in 1895 by John Lauson. By the time of the purchase in 1956, Lauson Manufacturing Company had grown into one of the largest manufacturers of small gasoline engines in the United States.
In 2007, the company's former gasoline engine and power train product lines (Peerless), which is what the company had been most known for, were sold to Platinum Equity LLC, which now does business as Tecumseh Power. Tecumseh engine products at one time were sold in over 120 countries. In December 2008, the company closed its engine manufacturing division.TecumsehPower sold off its Peerless transmissions business to Husqvarna Outdoor Products.
In 2009, Platinum Equity LLC announced that Tecumseh Power Company had sold certain assets of its engine business to Certified Parts Corporation (CPC). This included the sale of existing and unfinished engine parts inventory, tools to make finished product and certain intellectual property assets.
CPC (Certified Parts Corporation) of Janesvillle Wisconsin mananges LCT’s parts distribution through a subsidiary company called Lauson Power Products, LLC. Lauson Power Products was established to manage service and warranty through the extensive Tecumseh Power service network.
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