Wix, Advance Auto Parts Ending Carquest-Branded Filters Relationship
Source: The GreenSheet
Wix Filtration Corp LLC, an indirect wholly owned subsidiary of Affinia Group Intermediate Holdings, and CQ Sourcing Inc., a subsidiary of Advance Auto Parts, have agreed to end their current business relationship effective Dec. 31, 2014. This is according to a filing Affinia made with the SEC on Sept. 3.
The current business relationship consists of Wix selling to CQ Sourcing various Carquest filters.
Until Dec. 31, Wix will continue to sell such filters to CQ Sourcing in accordance with the commercial sales terms currently in place. And, no later than 60 days after Dec. 31, CQ Sourcing will purchase from Wix all filters of Wix either finished or committed as a branded Carquest filter and all of Wix’s Carquest-branded packaging.