TMD Friction
Based in Germany, TMD Friction produces brake disc pads and drum brake linings for both passenger and commercial vehicles.
TMD Friction, based in Leverkusen, Germany, was the new name for
BBA Group plc's automotive brake friction business that was subject
to a Management Buyout led by Montagu. The transaction was
introduced to Montagu by HSBC's in-house German investment bank,
HSBC Trinkaus & Burkhardt; they had developed close connections
with the senior management of TMD Friction over a number of years
and were also local bankers to the business.
TMD Friction produced brake disc pads and drum brake linings for
both passenger and commercial vehicles. In August 2001, TMD
Friction acquired the automotive friction business of Rutgers AG,
consolidating its leading position in its main European markets and
China, whilst at the same time establishing an important presence
in key emerging markets in Brazil and Mexico.
Montagu exited TMD in 2006 when the business was sold to a
consortium of banks.
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