Draw-tite , Reese and others owner filing for bankruptcy

[SpencerPJ]

Got this info from a F150 forum, seemed relevant info to pass along. Seems the company First Brands has filed for bankruptcy protection.

Auto Parts Maker First Brands Prepares for Bankruptcy Filing - TT

First Brands Group is preparing to file for bankruptcy as soon as next week and is looking to secure a loan of at least $1 billion to keep the business running, according to sources.

www.ttnews.com

Parts Supplier First Brands Preps for Bankruptcy With No Plan - TT

Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.

www.ttnews.com

 

[DanMNY]

WoW! Some major brand names there.

 

[John From Detroit]

One of those brands.. Tekonsha is named after the village it started in. I grew up in the Township... At one time (1980s) the CEO was a former HS classmate of mine.

Then it was sold to Bargman and well. That's the end of my knowledge.

 

[uchu]

This probably means higher prices of everything auto-parts related, in the horizon...

 

[RayIN]

Your description sounds like the parent company, First Brands Group is filing for bankruptcy. That does not affect the subsidiary companies directly; however they might be sold off as part of the bankruptcy court decision.
I suspect Lippert Industries might be waiting in the wings, and that will directly affect those companies.

 

[uchu]

The plot thickens...

"First Brands accuses former CEO of misappropriating millions, perhaps billions"

MSN

 

[gwinger]

Depends on how they are filing.
Chapter 11 bankruptcy is a legal process that allows businesses and individuals to reorganize their debts while continuing to operate, providing a pathway to financial recovery.
Chapter 7 bankruptcy is a legal process that allows individuals and businesses to eliminate most unsecured debts through the liquidation of non-exempt assets.

 

[Ken & Sheila]

First Brands filed Chapter 11 on 9/25/25. They also secured Debtor 1.1 Billion of debtor-in-possesion financing to continue current operations.