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Motorcar Parts of America acquired the intellectual and digital property of Centric Parts brake brands (Centric Parts, Posi Quiet, StopTech, C-TEK, GCX) from First Brands Group through a bankruptcy court-supervised sale. Terms were not disclosed.
“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.”aftermarketnews.com
Summarized from public sources; check the original articles before acting on it.