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.