European Union regulators recently approved Federal-Mogul’s acquisition of Honeywell’s Friction Materials. As a condition, Federal-Mogul agreed to sell two factories in Germany and France.

In January this year, Federal-Mogul announced that it will spend USD 155 million to acquire Honeywell’s friction materials business, headquartered in Glinde, Germany, and employs more than 2,000 people worldwide, mainly automakers and The aftermarket market supplies disc brakes and brake system components.

The transaction includes two new plants recently installed in China and Romania by Honeywell's Friction Materials Department. The company stated that it will continue to operate its friction material business as usual before the completion of the transaction. There is currently no adjustment of employees and production scale. plan.

After the above-mentioned acquisition plan was announced, the European Commission expressed concern that this merger may lead to an increase in the price of related parts and components in the EU market. In order to obtain the approval of the European Commission, Federal-Mogul later made a compromise.

The European Commission said that Federal-Mogul has agreed to divest two factories in Germany and France, of which the Marienheide plant in Germany mainly produces passenger car liners, while the Noyon factory in France mainly produces light vehicle liners.

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