Transaction includes production lines for oil, air and cabin air filters, an R&D center, inventory assets, machinery and equipment, and will reinstate nearly 300 jobs.
Posts tagged as “First Brands Group”
Acquisition includes First Brands Group key IP assets associated with filters, wipers, and spark plugs strengthening PGI's position across automotive maintenance categories.
The company’s remaining business units continue to operate while it assesses pathways to transition them to new ownership.
The sale process is intended to accelerate the transition to new ownership and the company’s emergence from chapter 11 cases.
Financing will ensure the company has capital necessary to maintain operations and meet its commitments to customers, employees and partners.
First Brands' chapter 11 filing could be reflective of further things to come that may cause pain for a range of market participants.
Funds benefit firefighters and their families who have suffered a debilitating injury, loss of life, were burned on duty, have an illness or need financial assistance.
