ANN ARBOR, Mich. (Nov. 13, 2007) — Affinia Group Inc. has bought some assets of Canada's Brake Pro Ltd., including manufacturing equipment, friction formulations and rights to the brand name.
Terms for the deal were not disclosed. It closed Nov. 7 under the Companies' Creditors Agreement Act of Canada—the equivalent of Chapter 11 bankruptcy in the U.S., according to an Affinia spokesman.
Concord, Ontario-based Brake Pro will cease to exist as a corporate entity. Brake Pro specialized in brake friction materials for heavy-duty applications.
Affinia said it is in the process of moving the physical assets to one of its North American plants, most likely one in Mexico, the spokesman said. The company plans to resume production of the Brake Pro product line as soon as possible.
“The Brake Pro line will enhance our existing brake block and medium duty product offerings,” said John Washbish, president of Affinia's Under Vehicle Group.