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Affinia Group Evaluates Strategic Alternatives For Its Brake-Related Businesses


4/11/2012

 
ANN ARBOR, Mich. – Affinia Group Inc. has retained J.P. Morgan Securities LLC as its investment bank to advise and assist the company in evaluating strategic alternatives for its brake-related businesses, including the sale of all or a portion of these businesses.

With roughly $2 billion in annual revenue, Affinia Group Inc. is a leader in the design, manufacture, distribution and marketing of industrial grade products and services, including extensive offerings of aftermarket parts for automotive and heavy-duty vehicles. The company markets brake products under the Raybestos and Aimco brands.

The company said it doesn’t intend to supply further comment unless a transaction is approved by its board of directors.












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