💥New Chapter 11 Bankruptcy Filing - Ultinon Motion Holding B.V.💥

First Brands subsidiary succumbs to failed sale process, lender fatigue and will liquidate

Back on March 26, 2026, Aachen, Germany-based and Dutch-organized Ultinon Motion Holding B.V. and two affiliates (collectively, the "debtors" and together with their operating subsidiaries, the “company”) filed chapter 11 bankruptcy cases in the Southern District of Texas (Judge Lopez). The debtors are down-the-chain subsidiaries of First Brands Group, LLC (“FBG”)* and specialize in automotive lighting, producing parts for OEMs and the aftermarket, of which they have a ~20% global market share.