Motorcar Parts of America, Inc. announced it 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.

The transaction was structured without assuming operational liabilities and certain assets were transferred free-and-clear from all liens, claims and encumbrances.

Additional terms were not disclosed.

“This purchase complements the company’s expansion of brake-related product coverage and commitment to the braking category, particularly within the professional installer and performance segments,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

The transaction includes the following key brands among others and the associated catalogues, engineering and proprietary technical information:

• Centric Parts
• Posi Quiet
• StopTech
• C-TEK
• GCX

“Our reputation as a high-quality supplier of non-discretionary aftermarket parts, coupled with capacity to meet increasing customer demand, distinguishes our company.

“Equally important, our customers will continue to benefit and be supported by an industry-leading team and exceptional value-added service,” Joffe added.

Centric Parts brake business had estimated gross sales as high as $400 million at the supplier level based on industry reports.