Motorcar Parts Acquires Brake Brands from Bankrupt First Brands Group

The transaction includes the acquisition of Centric Parts, Posi Quiet, StopTech, C-TEK, and GCX. By moving these assets under its umbrella, Motorcar Parts aims to bolster its non-discretionary aftermarket offerings. The company finalized the purchase without assuming operational liabilities, ensuring that the assets were transferred free of previous liens, claims, or encumbrances. While the specific financial terms of the deal remain undisclosed, industry data suggests the Centric Parts business previously generated gross sales reaching $400 million at the supplier level.

Chief Executive Selwyn Joffe noted that the acquisition aligns with a broader strategy to dominate the braking category. By integrating these high-performance brands, the company intends to capture a larger share of the professional repair market. The integration process follows the Chapter 11 proceedings of First Brands Group, which necessitated the court-led sale of these specific assets.