KPS Capital Partners announced Tuesday that it has acquired The Bosch Group’s automotive foundation brakes business: Bosch Foundation Brakes. Terms of the deal were not released. Bosch ...

The proposal comes at a time when Bosch is considering closing its Johnson City location. Currently, 140 employees work at the facility building drums, rotors, and hubs for the automotive industry.

KPS Capital Partners has completed its acquisition of Robert Bosch’s automotive foundation brakes business, through a newly-formed affiliate, Chassis Brakes International Group, the firm announced.

Inspection of another Bell 212, it says, found another main rotor strap pin to be “deformed” after just 29h. Both had the same part number, were made by the same manufacturer, and had the same ...