Motorcar Parts of America Announces Purchase of Centric Parts Brake Brands

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chapter 11 bankruptcy regulatory

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LOS ANGELES--(BUSINESS WIRE)-- Motorcar Parts of America, Inc. (Nasdaq:MPAA) today 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.

The transaction was managed through a court-supervised sales process under Section 363 of the U.S. Bankruptcy Code. The transaction was structured without assuming operational liabilities and certain assets were transferred free-and-clear from all liens, claims and encumbrances. Additional terms were not disclosed.

“This purchase complements the company’s expansion of brake-related product coverage and commitment to the braking category, particularly within the professional installer and performance segments,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America.

The transaction includes the following key brands among others and the associated catalogues, engineering and proprietary technical information:

• Centric Parts®
• Posi Quiet®
• StopTech®
• C-TEK
• GCX

“Our reputation as a high-quality supplier of non-discretionary aftermarket parts, coupled with capacity to meet increasing customer demand, distinguishes our company. Equally important, our customers will continue to benefit and be supported by an industry-leading team and exceptional value-added service,” Joffe added.

Centric Parts brake business had estimated gross sales as high as $400 million at the supplier level based on industry reports.

About Motorcar Parts of America, Inc.

Motorcar Parts of America, Inc. is a remanufacturer, manufacturer, and distributor of automotive aftermarket parts -- including alternators, starters, wheel bearings and hub assemblies, brake calipers, brake master cylinders, brake power boosters, diagnostic testing equipment utilized in imported and domestic passenger vehicles, light trucks, and heavy-duty applications. Its products are sold to automotive retail outlets and the professional repair market throughout the United States, Canada, and Mexico, with facilities located in California, New York, Mexico, Canada, Malaysia, China and India, and administrative offices located in California, Tennessee, Mexico, Singapore, Malaysia, and Canada. In addition, the company’s electrical vehicle subsidiary designs and manufactures testing solutions for performance, endurance, and production of multiple components in the electric power train – providing simulation, emulation, and production applications for the electrification of both automotive and aerospace industries, including electric vehicle charging systems. Additional information is available at www.motorcarparts.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. The statements contained in this press release that are not historical facts are forward-looking statements based on the company’s current expectations and beliefs concerning future developments and their potential effects on the company. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of the company) and are subject to change based upon various factors. Reference is also made to the Risk Factors set forth in the company’s Form 10-K Annual Report filed with the Securities and Exchange Commission (SEC) in June 2026 and in its Forms 10-Q filed with the SEC for additional risks and uncertainties facing the company. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260630370992/en/

Gary S. Maier
Vice President, Corporate Communications & IR
310-972-5124

Source: Motorcar Parts of America, Inc.