First Brands Group Announces Leadership Transition
First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that Charles Moore has been appointed Interim Chief Executive Officer, succeeding Founder and Chief Executive Officer Patrick James, who has resigned from the Company.
First Brands Group Receives Court Approval to Immediately Access $500 Million of $1.1 Billion in Debtor-in-Possession Financing
First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that the Company has received approvals from the United States Bankruptcy Court for the Southern District of Texas (the “Court”) for its “First Day” motions related to the Company’s chapter 11 cases for its U.S. operations.
First Brands Group Initiates Voluntary U.S. Chapter 11 Cases to Stabilize Financial Position and Facilitate Value-Maximizing Transaction
First Brands Group, LLC (“First Brands” or the “Company”), a leading global supplier of aftermarket automotive parts, today announced that the Company and certain of its affiliates have filed voluntary petitions for chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) to stabilize its business operations and facilitate a value-maximizing transaction.
