21 Jun 2024
The voice of the independent garage sector

HELLA and TMD Friction agree on Hella Pagid takeover by HELLA

HELLA is buying TMD Friction’s 50% stake in the Hella Pagid joint venture for an undisclosed sum. The move will enable TMD to bring the Pagid brand back into the TMD Friction portfolio. Pagid sales from TMD will begin from 1 October 2024.

Stefan van Dalen. Managing Director Lifecycle Solutions at HELLA commented: “Over the past ten years, Hella Pagid has developed into a leading full-service provider for brake systems. Brakes have therefore long since established themselves as key products in our independent aftermarket business. With the planned complete takeover of Hella Pagid, we want to sell brake products under the strong HELLA brand in the future and continuously expand the brake business moving forward.”

Clement de Valon, Executive Vice President Independent Aftermarket at TMD Friction, observed: “The opportunity to offer the Pagid OE premium-quality product brand globally fits perfectly with our multi-brand strategy and provides us with utmost flexibility.”

Staff at Hella Pagid, which was originally established in 2013, will transfer to HELLA. The Hella Pagid portfolio will then be sold under the HELLA brand.TMD Friction will continue to manufacture brake pads for HELLA.