Affinia Group Inc., an Ann Arbor, Mich.�based provider of on-and-off highway replacement products and services, has acquired certain assets of Ontario-based Brake Pro Ltd., including its manufacturing equipment, friction formulations and brand name. No financial terms were disclosed. Affinia is controlled by Cypress Group.
Affinia Group Inc., a global leader in the on and off highway replacement products and service industry, announced that it has acquired certain assets of Brake Pro, Ltd., Ontario, Canada, under the Companies’ Creditors Agreement Act of Canada. Among other items, the purchase includes. Financial terms of the transaction, which was completed on November 7, 2007, were not disclosed.
Affinia is in the process of relocating the physical assets to its own North American manufacturing facilities, and will resume production of the Brake Pro(R) product line. Affinia expects to have Brake Pro brand product offerings in the marketplace as quickly as possible after the asset transition and manufacturing integration is complete.
“The Brake Pro name is highly respected in the industry because of the consistently high performance of their proprietary friction products. The Brake Pro line will enhance our existing brake block and medium duty product offerings. More importantly it will put us back into the heavy duty segment, and the Brake Pro line will give us a great product offering for severe duty applications such as waste handling equipment, logging equipment, construction vehicles and transit applications,” said John R. Washbish, President of Affinia’s Under Vehicle Group. Washbish went on to say, “The market can expect to see Brake Pro product from us as quickly as we can reset the equipment.”
Affinia Group Inc. is a global leader in the on and off highway replacement products and service industry. In North America the Affinia family of brands includes WIX(R) filters; Raybestos(R) brand brakes, Brake Pro(R), and AIMCO(R) brake products, and McQuay-Norris(R) and Spicer(R) Chassis parts. South American and European brands include Nakata(R), Filtron(R), Urba(R) and Quinton Hazell(R). For more information, visit http://www.affiniagroup.com/.