Source: First Brands Group announcement
CLEVELAND, – First Brands Group™, a global automotive parts company, has acquired Centric® Parts, a leading manufacturer and supplier of replacement brake components, whose labels include Centric®, C-TEK®, Posi Quiet®, and StopTech®.
“We are excited to add Centric® Parts to our market-leading portfolio of aftermarket brands,” said Guy Andrysick, President of Aftermarket for First Brands Group. “The addition of Centric® Parts significantly expands our caliper capacity and breadth of catalog, and it positions us as the clear market leader in aftermarket braking. The acquisition has strengthened our supplier position to support all customers with one of the most comprehensive portfolios of replacement products in the North American automotive aftermarket.”
“With its highly recognized brand, quality products and established reputation, I am confident that Centric will succeed as part of a larger global organization with deep expertise and valued relationships across the industry,” said Tribby Warfield, CEO of APC Automotive Technologies.
Earlier this year, the Group acquired Champion Laboratories and Brake Parts Inc. (BPI).
The acquisition is effective immediately.
About First Brands Group
The Group is a global automotive parts company that develops, markets and sells premium products through a portfolio of nine market-leading brands: Raybestos® complete brake solutions, Centric® Parts replacement brake components, FRAM® filtration products, LuberFiner® filtration products, TRICO® wiper blades, ANCO® wiper blades, Carter® fuel and water pumps, Autolite® spark plugs, and StrongArm® lift supports. The Group’s portfolio of world-class brands offers best-in-class technology, industry-leading engineering capabilities, and superior customer service.