Affinia Group Inc., has acquired certain assets of Brake Pro, Ltd., Ontario, Canada, under the Companies’ Creditors Agreement Act of Canada. The purchase includes manufacturing equipment, friction formulations and unrestricted rights to the brand name.
Affinia is in the process of relocating the acquired physical assets to its own North American manufacturing facilities and will resume production of the Brake Pro product line.
“The Brake Pro name is highly respected in the industry because of the consistently high performance of its proprietary friction products,” says John R. Washbish, president of Affinia’s Under Vehicle Group.
“The Brake Pro line will enhance our existing brake block and medium-duty product offerings. More importantly, it will put is back into the heavy-duty segment and give us a great product offering for severe-duty applications,” says Washbish. “The market can expect to see Brake Pro product from us as quickly as we can reset the equipment.”
Financial terms of the transaction, which was completed on November 7, 2007, were not disclosed.
