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Friday, July 31, 2020
First Brands Group (formerly TRICO Group) ACQUIRES Brake Parts Inc. (BPI) and Champion Laboratories Inc. (Champ Labs)
Cleveland, OHIO., July 31, 2020 – First Brands Group, a global automotive parts manufacturer, has acquired Brake Parts Inc., which manufactures and markets brake products including the full line of Raybestos® branded brake parts, and Champion Laboratories Inc., a full-line filtration manufacturer with Luber-finer® as a leading brand.
“We are excited to add Raybestos and Luber-finer comprehensive product lines to our market-leading portfolio of aftermarket brands,” said Guy Andrysick, Chief Marketing Officer at First Brands Group. “Both Raybestos® and Luber-finer® are important and natural complements to our current vehicle maintenance and vehicle repair product solutions. We have strengthened our supplier position to support all customers with one of the most comprehensive portfolios of replacement products in the North American automotive aftermarket.”
The acquisitions are effective immediately.
About First Brands Group, LLC:
First Brands Group, LLC (formerly TRICO Group) is a global automotive parts manufacturer that serves the worldwide automotive aftermarket industry with best-in-class technology and engineering capabilities. Our portfolio includes Raybestos® complete brake solutions, LuberFiner® filtration products, FRAM® filtration products, TRICO® wiper blades, Carter® fuel and water pumps, ANCO® wiper blades, StrongArm® lift supports, and Autolite® spark plugs. First Brands Group is a world-class automotive parts manufacturing delivering high customer service and growth.
posted by Layne Gobrogge