Bankrupt Auto Parts Maker First Brands to Sell Core Brands Including Fram for $25 Million

Bankrupt automotive parts supplier First Brands Group has agreed to sell 12 well-known aftermarket brands—including Fram, Autolite, and Trico—for $25 million to PGI Northstar, which is expected to assume certain liabilities associated with these brands. The transaction remains subject to court approval, and its timing and final outcome are still uncertain. The sale is seen as a critical step for creditors to recover funds, while the company continues to liquidate its remaining assets and faces potential full-scale liquidation.