Hilco and SB360 Liquidate First Brands Group Assets Post-Bankruptcy — Hilco Global

Event summary

Hilco Global and SB360 Capital Partners are selling inventory and machinery from First Brands Group's select business units post-Chapter 11 proceedings.
Brands available include Cardone, Raybestos, Autolite, Trico, and others, targeting automotive parts competitors and distributors.
Machinery & Equipment (M&E) for sale includes plastic manufacturing, rubber manufacturing, foundry, CNC machining, stamping, wire manufacturing, assembly, and paper filter production equipment.
The joint venture is also managing accounts receivables and advising on the winddown of discontinued business units.

The big picture

First Brands Group, once a major player in the automotive aftermarket industry, is being liquidated post-bankruptcy. This sale presents a strategic opportunity for competitors to acquire well-known brands and production facilities at potentially discounted values. The broader trend of consolidation in the automotive parts sector continues as financial firms like Hilco Global and SB360 Capital Partners facilitate the transfer of assets from distressed companies to healthier market participants.

What we're watching

Market Share Shifts: How the acquisition of these assets will affect market share dynamics among automotive parts competitors and distributors.
Asset Valuation: Whether the premium-branded products and production facilities will be acquired at compelling values, as suggested by Hilco Global.
Industry Consolidation: The pace at which similar liquidations or consolidations occur in the automotive aftermarket industry following First Brands Group's Chapter 11 proceedings.