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Guelph, Ontario-based ABS Friction Inc., a brake pad manufacturer, is shutting down after three decades in business. The company, co-founded in 1995, is liquidating its 100,000+ square-foot facility through a two-day auction hosted by Corporate Assets Inc. Scheduled for March 19-20, 2025, the event features equipment, molds, and a massive inventory of brake pads and components. This closure marks the end of an era for the firm, known for producing premium, ceramic, and severe-duty brake pads for domestic and imported vehicles.
Auction Details
- Day 1 (March 19): Features equipment like racking, presses, material handling tools, and molds, starting at 10:00 AM EDT.
- Day 2 (March 20): Showcases a vast inventory, including over 17,500 sets of disk brake pads, shims, hardware, and abutment clips, also at 10:00 AM EDT.
- Inspection Opportunity: Available on March 18 from 9 AM to 4 PM EDT at 55 Taggart Street, Guelph, Ontario.
- Removal Deadline: All assets must be removed by April 16, 2025, by appointment only.
ABS Friction’s closure reflects broader shifts in the manufacturing landscape, though specific reasons for the shutdown remain undisclosed. The auction, detailed at www.corpassets.com, offers buyers a chance to acquire high-quality fabricating assets and brand-new brake pad inventory. Day 1 focuses on the physical infrastructure, ideal for manufacturers looking to expand capacity. Day 2 targets resellers and distributors with its extensive stock of finished goods—fully packaged and ready for market—including Ideal Brake and ABS Friction-branded products.
The event underscores the scale of ABS Friction’s operations. With applications for a wide range of current and late-model vehicles, the inventory includes semi-metallic, ceramic, and severe-duty brake pads, plus bulk un-packaged pads, brake shoes, work-in-progress items, and raw materials like steel blanks and wear sensors. Interested parties can view lot catalogues online for both days or attend the inspection to assess the offerings firsthand. This auction, a significant moment for the industry, closes a chapter for a long-standing player in brake manufacturing.
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