Motorcar Parts of America acquires Centric Parts brake brands

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2▲1 ▼0Impact / 5
Summary · why it matters

Motorcar Parts of America has acquired the intellectual and digital property associated with the Centric Parts brake brands from First Brands Group through its Chapter 11 bankruptcy process. The transaction was managed through a court-supervised sales process under Section 363 of the U.S. Bankruptcy Code, structured without assuming operational liabilities, and certain assets were transferred free-and-clear from all liens, claims and encumbrances. Additional terms were not disclosed. Industry reports estimate Centric Parts brake business had gross sales as high as $400 million at the supplier level.

Impact on assets 1

Electrification & Mobility▲
Motorcar Parts of America Inc
MPAA
▲ PositiveCapitalrelevance

Acquires Centric Parts brake brands through bankruptcy, expanding product portfolio without assuming operational liabilities.

Off-coverage companies 1

First Brands Groupi
Private± MixedCapitalrelevance

First Brands Group is the seller in the bankruptcy process, but the impact is unclear as it is divesting assets.