The Automotive Products Group Ltd, the parent company of AP Hydraulics, has today (Weds. July 26) announced the sale of its Coventry-based AP Racing division to Brembo.
AP Racing is the leading supplier of disc brake calipers and clutches to the racing and motorsport markets. It has supplied components used in the cars of both the F1 Driversí and Constructorsí champions every year for more than 30 years.
In addition, it has a growing business supplying lightweight brake calipers and high torque clutches to high performance road cars.
'AP Racing has excellent growth prospects but does not fit with our core activities. Within Brembo it has the potential to grow with a business where road car activities are concentrated on high performance vehicles. We wish our former colleagues a bright future.'
Friday 24 November, 2000 8:47 AM