# Newtek Automotive acquires China Yantai Friction Co.

Newtek Automotive USA has taken over China Yantai Friction Co. (CYFC) of Penglai, Shandong Province, China, effective February 1, 2020. The facility produces brake pads for OE and aftermarket.

- Type: Acquisition
- Announced: 2020-02-01
- Where: Penglai, Shandong Province, China
- Status: completed
- Products: brake pads
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Newtek Automotive USA](https://endata.com/companies/45083.md) (acquirer)
- [China Yantai Friction Co.](https://endata.com/companies/45084.md) (target)

## Sources

- [aftermarketnews.com](https://www.aftermarketnews.com/newtek-automotive-takes-over-china-yantai-friction-co/), 2020-02-06: "Newtek Automotive USA has announced the takeover of China Yantai Friction Co. (CYFC) of Penglai, Shandong Province, China, effective Feb. 1."
- [thebrakereport.com](https://thebrakereport.com/newtek-automotive-usa-takes-over-chinas-cyfc/), 2020-02-14: "NewTek Automotive USA recently announced the takeover of China Yantai Friction Co. (CYFC) of Penglai, Shandong Province, China effective February 1, 2020."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.