Premium Guard Inc. (PGI), a leading filter manufacturer and supplier, has announced the successful completion of its acquisition of key intellectual property and related assets from First Brands Group. The transaction, announced in March, has now officially closed...
First Brands Group and PGI Northstar LLC, an organization backed by Premium Guard Inc., have agreed to a deal that would see key intellectual property and assets—including FRAM, Autolite, Trico, and a host of other brands—go the PGI Northstar for US$25 million and...
First Brands founder and former Chief Executive Officer Patrick James and brother, have been indicted for fraud.
(UPDATED) Automotive parts supplier First Brands Group, LLC announced that it has commenced a wind down of certain of its North American business operations, including its Brake Parts Inc., Cardone, and Autolite operations. The company is emphasizing that First...
First Brands Group, LLC, a leading global supplier of aftermarket automotive parts, has announced the launch of a sale process to market and sell its business, as a whole or in parts, to maximize stakeholder value. The company has been in the news over the past...
First Brands Group has moved to strengthen its leadership bench, appointing three seasoned aftermarket executives as Senior Advisors. The addition of Craig Barnes, Michael Broderick, and Tim Turvey signals the company’s intention to tighten execution, reinforce...
First Brands Group, LLC., a leading global supplier of aftermarket automotive parts, announced that Charles Moore has been appointed Interim Chief Executive Officer, succeeding Founder and Chief Executive Officer Patrick James, who has resigned from the Company. Moore...
First Brands Group, LLC, a leading global supplier of aftermarket automotive parts, announced that the company has received approvals from the United States Bankruptcy Court for the Southern District of Texas for its “First Day” motions related to the company’s...
Secures $1.1 billion in debtor-in-possession financing from first lien lenders to enable continued operations Chapter 11 cases pertain solely to U.S. operations; International operations continue in the ordinary course Company to continue delivering best-in-class...