First Brands makes replacement components including filters, brakes and lighting systems for the automotive aftermarket
Rochester Hills, Mich.—First Brands Group has announced that the company and certain of its affiliates have filed voluntary petitions for chapter 11 relief to stabilize its business operations. First Brands makes replacement components including filters, brakes and lighting systems for the automotive aftermarket.
Brands include:
• Raybestos complete brake solutions
• Centric Parts replacement brake components
• StopTech performance brakes, Fram filtration products
• Luber-finer filtration products
• Trico wiper blades
• Anco wiper blades
• Michelin-licensed wiper blades
• AirTex and Carter fuel and water pumps
• Autolite spark plugs
• StrongArm lift supports
• Carlson brake hardware
• Cardone new and remanufactured replacement parts
• Towing and trailering portfolio composed of Reese, Drawtite, Bulldog, Tekonsha, Fulton, Westfalia along with Hopkins universal owned and licensed brands
• Philips licensed aftermarket lighting
To support business continuity, an ad hoc group of cross-holders has agreed to provide First Brands with $1.1 billion in debtor-in-possession financing. This financing will provide the necessary capital for the company to maintain operations, fulfill customer orders, and meet its commitments to its vendors and partners from the start of the chapter 11 cases.
First Brands’ global operations are expected to continue without interruption during the chapter 11 cases, with full continuity for the company’s international customers, partners, and employees. The company’s international operations are not part of the court-supervised financial restructuring process.
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