First Brands Group bankruptcy
I saw this as well. I have some Stoptech pads on my Porsche 944 and they are really nice pads at a very affordable price. It will be a shame to not be able to get them any longer.
Rockauto still has centric rotors and pads for SAs. Not sure for how long though. I have the centric ceramic pads, love em. My rotors were from RacingBeat last time.
Joined: Mar 2001
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From: https://www2.mazda.com/en/100th/
we've had the popcorn out with this for a while. most brake rotors come from the same factory, anyways, so centric and stop tech were just the sticker on the box anyways
A list of all companies that are included in the bankruptcy proceedings can be found at... https://restructuring.ra.kroll.com/firstbrands/
ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--
First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of automotive parts, announced that it has commenced a wind down of certain of its North American business operations, including its Brake Parts Inc., Cardone, and Autolite brands. First Brands’ remaining business units continue to operate while the Company assesses pathways to transition these operations to new ownership. “Over the past several months, we explored all available options to secure funding and advance the sale process for the Brake Parts Inc., Cardone, and Autolite businesses,” said Charles Moore, interim Chief Executive Officer of First Brands Group. “Unfortunately, those efforts ultimately did not result in a viable solution which would enable us to maintain these operations. While this is not the outcome we worked toward, I want to sincerely thank our employees for their dedication, professionalism, and resilience throughout this process. As we move forward, we will continue to act in a disciplined manner to maximize value and transition our remaining portfolio of leading brands to new ownership in partnership with our key customers.”
The wind down does not include First Brands’ other North American businesses including filters, wipers, pumps, lighting, towing, and accessories. First Brands is in productive dialogue regarding those businesses with certain key customers who recognize the critical role they play in the automotive supply chain and are supportive of their continued operations.
ROCHESTER HILLS, Mich.--(BUSINESS WIRE)--
First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of automotive parts, announced that it has commenced a wind down of certain of its North American business operations, including its Brake Parts Inc., Cardone, and Autolite brands. First Brands’ remaining business units continue to operate while the Company assesses pathways to transition these operations to new ownership. “Over the past several months, we explored all available options to secure funding and advance the sale process for the Brake Parts Inc., Cardone, and Autolite businesses,” said Charles Moore, interim Chief Executive Officer of First Brands Group. “Unfortunately, those efforts ultimately did not result in a viable solution which would enable us to maintain these operations. While this is not the outcome we worked toward, I want to sincerely thank our employees for their dedication, professionalism, and resilience throughout this process. As we move forward, we will continue to act in a disciplined manner to maximize value and transition our remaining portfolio of leading brands to new ownership in partnership with our key customers.”
The wind down does not include First Brands’ other North American businesses including filters, wipers, pumps, lighting, towing, and accessories. First Brands is in productive dialogue regarding those businesses with certain key customers who recognize the critical role they play in the automotive supply chain and are supportive of their continued operations.
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