You are here: / / / Hella buys out TMD Friction’s Hella Pagid joint-venture shares

Hella buys out TMD Friction’s Hella Pagid joint-venture shares

Author: Chris Anthony Comments: 0
Hella has agreed to buy out TMD Friction’s Hella Pagid joint-venture shares for an undisclosed sum (Photo: Hella)

TMD Friction and Hella have agreed to transfer the 50 per cent share currently held by TMD Friction in the brake joint venture Hella Pagid to Hella. Hella will thus become the sole shareholder of Hella Pagid. Founded in 2013, Hella Pagid, a joint venture between automotive supplier Hella and brake friction manufacturer TMD Friction, sells brake components and accessories on the global automotive aftermarket. The purchase price has not been disclosed.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Continental Shares Like Lead
  2. Evonik Acquires Degussa Engineered Carbons
  3. Conti Completes 100% Acquisition of Matador Rubber
  4. TMD Friction to Acquire bt Bremsen
Comments
Comments closed
Share this entry
Enso partners with In’n’Out Autocentres and M4 Tyres Gislaved – new name for Continental Kaluga plant

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.