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TMD Friction, the owner of a brake materials factory in Hartlepool with 380 staff, has been acquired by Nisshinbo Holdings of Japan.
TMD Friction has acquired Eurofriction, the Kilmarnock-based manufacturer of car parts with 130 staff.
TMD Friction is to invest £2m in the expansion of its brake pads factory in Hartlepool, with the creation of 68 jobs.
TMD Friction is planning to create 100 new jobs at its car brake pads factory in Hartlepool.