TMD Friction and Hella combine with new brand

by

TMD Friction and Hella have announced their intentions to combine and establish a new joint venture.

The new business, in which each partner will have a 50 percent stake, will be named Hella Pagid and will become a global aftermarket brand.

Headquartered in Germany the brand will enter into business on 1st January 2013, subject to approval from the competition authorities.

The new brand will be known as Hella Pagid
The new brand will be known as Hella Pagid

Both companies say the goal of the new venture is to build up a leading position in the supply of brake components for all on road vehicles.

Co-operation between the two companies is not a new idea, Hella and TMD have been working together in the Chinese aftermarket since 2010.

EAG UPGRADES WAREHOUSE MANAGEMENT

Leeds-based firm install MAM warehouse management system

Read More

SEMI-AUTOMATED BATTERY ASSEMBLY LINE ESTABLISHED

Comau UK chosen to implement highly automated production

Read More

ECP START ELECTRIC VAN TRIAL

A pair of electric vans have joined the fleet at Euro Car Parts’ Isle of Wight branch.

Read More

CAT CONVERSATIONS: GARAGE OF TODAY, TOMORROW AND THE FUTURE

Don’t miss out, sign up to CAT’s latest webinar on 21st April right now

Read More

£10 MOT OFFERED BY AGGREGATORS

GoCompare has struck a deal with garage comparison site Who Can Fix My Car

Read More

Go to comments

Your email address will not be published. Required fields are marked *