M&A Deal Summary

First Brands Acquires CARDONE Industries

On August 1, 2023, First Brands acquired automotive company CARDONE Industries

Acquisition Highlights
  • This is First Brands’ 5th transaction in the Automotive sector.
  • This is First Brands’ 5th transaction in the United States.
  • This is First Brands’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2023-08-01
Target CARDONE Industries
Sector Automotive
Buyer(s) First Brands
Deal Type Add-on Acquisition

Target

CARDONE Industries

Philadelphia, Pennsylvania, United States
CARDONE Industries is a manufacturer and supplier of automotive replacement parts such as brakes, fuel systems, motors and pumps for cars and trucks. CARDONE Industries was established in 1970 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

First Brands

Rochester, Michigan, United States
Category Company
Sector Automotive
DESCRIPTION

First Brands is a global automotive parts company that develops, markets, and sells premium products through a portfolio of market-leading brands including: Raybestos complete brake solutions, Centric Parts replacement brake components, FRAM filtration products, Luber-finer® filtration products, TRICO wiper blades, ANCO wiper blades, Carter fuel and water pumps, Autolite spark plugs, StrongArm lift supports, and StopTech performance brakes. First Brands is based in Rochester, Michigan.

DEAL STATS #
Overall 5 of 6
Sector (Automotive) 5 of 6
Type (Add-on Acquisition) 5 of 6
State (Pennsylvania) 1 of 1
Country (United States) 5 of 6
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-03 Horizon Global

Plymouth, Michigan, United States

Horizon Global is a designer, manufacturer and distributor of a wide variety of high-quality, custom-engineered towing, trailering, cargo management and other related accessory products on a global basis, serving the automotive aftermarket, retail and OE channels. Horizon Global was founded in 2015 is based in Plymouth, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-01 Hopkins

Emporia, Kansas, United States

Hopkins is a manufacturer and marketer of specialized towing products and functional accessories for the automotive and recreational vehicle aftermarket. Hopkins was founded in 1953 and is based in Emporia, Kansas.

Buy -
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