TMD Friction Holdings GmbH
Company Profile
Business Overview
-The Company is a global leader in brake friction technology for various vehicle markets including passenger cars, commercial vehicles, motorbikes, racing applications, and industrial applications. The Company provides friction products including disc brake pads and drum brake linings for both OEMs and the aftermarket.
-The Company has a market-leading position in the global replacement parts market through its brands Textar, Mintex, Don, Pagid, Cobreq, and Bendix. The Company is also a market leader in friction products for industrial application through its Cosid Industrial Friction brand.
-On August 2023, the Company entered into a definitive agreement with AEQUITA SE & Co. KGaA, a global industrial group headquartered in Munich, Germany, in which AEQUITA would acquire the Company from Nisshinbo Holdings Inc. Under the agreement, AEQUITA acquired all outstanding shares of the Company and its subsidiaries TMD Friction Holdings (UK) Limited, TMD Friction UK Limited, TMD Friction do Brasil S.A., and TMD Friction Mexico S.A. de C.V. All of the Company’s loan receivables against it and its subsidiary were also transferred to AEQUITA. The acquisition was successfully completed in December 2023.
Shareholders
-The Company is a private entity and a wholly owned subsidiary of AEQUITA SE & Co. KGaA, a global industrial group headquartered in Munich, Germany. In December 2023, AEQUITA successfully acquired the Company from Nisshinbo Holdings.
Products
Friction materials
Disc brake pads
Drum brake linings
Air disc brake pads
Copper-reduced friction materials
Copper-free friction materials
History
2000 | Establishment of TMD Friction with the brands Textar, Mintex and Don by management buyout |
2001 | Acquisition of Rutgers Automotive with the brands Pagid, Cobreq and Cosid; expansion to Brazil, Mexico and China |
2004 | Opening of the R&D center in Troy/USA; establishment of TMD Friction Japan K.K. |
2006 | Foundation of TMD Friction Romania S.R.L |
2009 | Acquisition of the business by its senior management team and Pamplona Capital Management, a UK-based investment fund. |
2010 | Acquisition of Eurofriction Limited (Scotland). |
2010 | Acquisition of bt Bremsen Technik GmbH (Germany/USA). |
2011 | Nisshinbo Holdings acquired 100% ownership of the company. |
Dec. 2023 | AEQUITA SE & Co. KGaA successfully completed acquisition of the Company from Nisshinbo Holdings Inc. |
Supplemental Information 1
Note: A figure in brackets ( ) indicates a loss