Westfalia-Automotive achieves debt forgiveness and release from all First Brands Group related claims1.6.2026 15:23:10 CEST | news aktuell GmbH | Press Release
Rheda-Wiedenbrück, Germany – After successfully separating from First Brands Group in March 2026, Westfalia Automotive Group has completed a transaction resulting in debt forgiveness for group entities in the amount of approximately USD 246 million, as well as a release from all First Brands related claims. "This transaction creates a debt-free operating group and significantly strengthens the underlying balance sheets of Westfalia — another significant milestone. With a focus on expanding production and customer care, the business is well positioned for continued growth. As the primary 'made in Europe' towing brand, we are committed to the customers and partners who have made us a market leader, and our entire team is energized to build on that foundation." — Michael Scott, Board Member, Westfalia-Automotive Group “Westfalia-Automotive enters this next chapter from a position of strength. A competitive brand is built on strong partnerships with our customers, and we are fully committe