WASHINGTON — The Pension Benefit Guaranty Corporation (PBGC) announced that it is taking action to assume responsibility for three pension plans sponsored by affiliates of First Brands Group, LLC (First Brands).

First Brands is a supplier of aftermarket automotive parts headquartered in Cleveland, Ohio. As of September 28, 2025, First Brands and over 100 of its affiliates had filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of Texas.

PBGC is taking this action because First Brands is liquidating in bankruptcy, leaving no entity to support these pension plans. PBGC has stepped in to terminate the pension plans and become statutory trustee to protect the interests of the participants.

The termination of the three impacted pension plans is effective as of April 30, 2026.

The three pension plans are the (1) Retirement Plan for Bargaining Unit Employees of Fostoria and Greenville (FRAM Plan), (2) Cardone Industries, Inc. Union Employees’ Pension Plan (Cardone Plan), and (3) Dalton Corporation, Warsaw Manufacturing Facility Pension Plan (Dalton Plan). In total, these plans cover 1,630 current and future retirees.

Retirees will continue to receive benefits without interruption, and future retirees can apply for benefits as soon as they are eligible.

Until PBGC assumes responsibility for the pension plans, participants with questions about their benefits should contact the pension plans.

For additional information, see Questions and Answers for Participants for the FRAM Plan, Cardone Plan and Dalton Plan.