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Started By
Message
Major auto parts maker is bankrupt - brands you know
Posted on 10/9/25 at 8:54 am
Posted on 10/9/25 at 8:54 am
First Brands is going bankrupt and their brands are familiar to everyone here.
Lots of criminality going on with this company and some people will definitely need to go to jail. They were using their receivables to borrow money to fund more receivables. That isn't illegal but they would use the same receivables multiple times with different firms. Basically borrowing on the same asset multiple times what the asset is worth.
Brands:
Michelin, Fram, Trico, Philips, Reese, Draw-tite, Anco, and many, many others.
Brands
Zerohedge article on the bankruptcy
Lots of criminality going on with this company and some people will definitely need to go to jail. They were using their receivables to borrow money to fund more receivables. That isn't illegal but they would use the same receivables multiple times with different firms. Basically borrowing on the same asset multiple times what the asset is worth.
Brands:
Michelin, Fram, Trico, Philips, Reese, Draw-tite, Anco, and many, many others.
Brands
Zerohedge article on the bankruptcy
8
Posted on 10/9/25 at 9:14 am to bbvdd
Definitely some established names there, hope better companies can acquire those. I'm sure First Brands is just one of many others.
Posted on 10/9/25 at 9:35 am to bbvdd
wow....thats wild they did that.
could this be a good thing for the free market?
could this be a good thing for the free market?
Posted on 10/9/25 at 9:56 am to bbvdd
My brother went pretty far down the interview process as a channel partner for them in a fairly large region last year... He was pretty bummed he didn't get the job. Can't wait to bump him to see what he has to say.
Posted on 10/9/25 at 11:27 am to bbvdd
Purolator or WIX > Fram
Posted on 10/9/25 at 12:56 pm to bbvdd
As in Reese trailer hitches and shite?
Damn. I’ve dropped some coin with them over the years
Damn. I’ve dropped some coin with them over the years
Posted on 10/9/25 at 2:39 pm to bbvdd
Thatt's strange. Doesn't sound like a traditional receivables (factoring) loan. A number of banks don't do this anymore.
Posted on 10/9/25 at 2:55 pm to Tridentds
quote:
A number of banks don't do this anymore.
The article that I had went to premium.
There are BDCs (business development company) that help to fund those now.
Posted on 10/9/25 at 3:44 pm to GoAwayImBaitn
quote:
Purolator or WIX > Fram
I watched a review one time and the WIX filters had a crazy amount more surface area (more folds) in their filters. I've been a WIX fan every since.
Posted on 10/9/25 at 8:42 pm to bbvdd
Let me guess, investment bankers
Posted on 10/9/25 at 9:55 pm to TutHillTiger
quote:
Let me guess, investment bankers
No, they were cooking their books.
Posted on 10/10/25 at 8:09 am to bbvdd
I was not aware that Honeywell had sold off Fram and Autolite, but they have moved out a lot of the business units recently.
Posted on 10/10/25 at 8:20 am to SenseiBuddy
quote:
could this be a good thing for the free market?
Well. Depends on supply chain disruption or not? But usually more competition, not less, is better. Too many near monopolies can control supply and price.
Posted on 10/10/25 at 9:59 am to NorCali
I was thinking this could give some startups / lesser known companies a better advantage of market growth
Posted on 10/10/25 at 2:28 pm to TutHillTiger
quote:
TutHillTiger
dumbass
Posted on 10/11/25 at 12:06 am to WhiskeyThrottle
quote:
Purolator or WIX > Fram
Fram's top line filters are actually very very good. Their budget stuff is shite though.
Posted on 10/12/25 at 5:01 am to Tridentds
Traditional revolver ABL on the A/R and inventory. There’s concern that the inventory $ are accurate. Syndicated loan where Bank of America is the agent
This post was edited on 10/12/25 at 5:08 am
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