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ANN ARBOR, MICHIGAN, November 12, 2007 – 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 manufacturing equipment, friction formulations and unrestricted rights to the brand name. 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® 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.” |
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| Brake
Pro brand has friction materials for
severe duty applications. Waste Handling Equipment Logging Equipment Construction Vehicles Transit Applications |
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