Connect with us

Financial

Brake Parts Inc To Acquire OE Quality Friction Inc.

Advertisement

OEQuality-logoMCHENRY, Ill. – Brake Parts Inc LLC (BPI) has announced plans to acquire the assets of OE Quality Friction Inc. (OEQF), headquartered in Mississauga, Ontario.

Advertisement
Click Here to Read More
Advertisement

On Jan. 20, Brake Parts Inc entered into an asset purchase agreement with OEQF’s receiver and an agreement to facilitate the interim operation of the company’s Juarez, Mexico, plant in order to strengthen production capabilities and serve customers. The closing of the asset purchase transaction is expected to occur in January.

“As we operate the business and plan for the transition of OE Quality Friction’s assets to BPI, we are mindful of OEQF customers and pledge to continue to provide them with quality brake products backed by superior BPI customer service and vastly improved fill rates,” said David Overbeeke, president and CEO of Brake Parts Inc. “The acquisition of OE Quality Friction fits well into our company’s global growth strategy and provides real value to our customers in North America and beyond.”

Advertisement

Loading Post...

Loading Post...

Loading Post...

Advertisement

POPULAR POSTS

Financial

Uni-Select Announces C$125 Million Convertible Debenture Financing, Concludes Strategic Review Process

Distribution

Synchrony Financial, Pep Boys Extend Consumer Financing Program

Financial

Motorcar Parts Of America Reports Fiscal 2016 Second Quarter, Six-Month Results

Distribution

CARB Fines Major Online Automotive Parts Retailer $1M For Selling Illegal Aftermarket Parts In California

Connect