Cleveland, OHIO (December 2, 2020) – First Brands Group™, a prominent global player in the automotive parts industry, has officially announced its acquisition of Centric® Parts, a leading manufacturer and supplier renowned for its high-quality replacement brake components. This strategic move brings established brands like Centric®, C-TEK®, Posi Quiet®, and StopTech® under the First Brands Group™ umbrella, significantly expanding their portfolio and market reach.
“We are thrilled to welcome Centric® Parts into our family of market-leading aftermarket brands,” stated Guy Andrysick, President of Aftermarket for First Brands Group™. “The integration of Centric Car Parts substantially enhances our capabilities in the braking sector, particularly in caliper capacity and catalog diversity. This acquisition firmly establishes us as the frontrunner in the aftermarket braking solutions, strengthening our position to offer an unparalleled range of replacement products to our valued customers across the North American automotive aftermarket.”
Tribby Warfield, CEO of APC Automotive Technologies, commented on the acquisition, “Centric’s recognized brand, commitment to quality, and solid industry reputation make it a perfect fit for a larger global organization like First Brands Group. I am confident that Centric will thrive and achieve even greater success as part of their team, leveraging their deep industry expertise and strong relationships.”
The acquisition is effective immediately, marking a new chapter for both First Brands Group™ and Centric® Parts in the competitive automotive aftermarket landscape.
