Pacifica Group (PBB)

Shares / Stock Code

PBB

Stock Exchange / Sharemarket

ax

Pacifica Group (PBB) is a specialist manufacturer and distributor of brake systems and technologies. The Company also focuses on the manufacturing and sale of friction materials for use in automotive applications. PBB floated on the Australian Stock Exchange on 2nd November, 1989. It’s head office is based in Melbourne, Australia. To date, Pacifica has circa 2,000 staff employed across 5 countries almost entirely through PBR, its automotive subsidiary. The Company's operations are spread across four geographical divisions: Australia and New Zealand, United States of America, Europe and Asia. Pacifica Group sold its European business, AP Italia, to Continental AG on August 31, 2007.

PBB's products are known for their inherent technology, excellence, reliability and novel design features, with some of the world’s leading vehicle manufacturers as its customers. Pacifica Group aims to increase its income stream and to maximisie shareholder value by focusing on its automotive technologies, enhancement in manufacturing efficiency, quality, safety and continuing diversification of its customer base and markets.

Pacifica Group History

Pacifica floated on the Australian Stock Exchange in 1989, under the name Pacific BBA, with a focus on manufacturing brake and clutch systems and components, industrial plastics and textiles. During 1990’s, the company operated as a diversified manufacturer of specialised construction products for use in different activities. Pacifica continued to make progress through acquisitions and geographically expanding its operations across Australia, Asia, North America and the UK. At the time of listing, BBA Plc, the UK-based friction materials company, owned circa 58% of the ordinary shares. Later BBA moved its focus to Northern Hemisphere and sold all of its equity held in the Australian business. In 2001, Pacifica decided to focus on only those areas in which it held strong competitive advantage and announced its intention to convert from a diversified industrial into an automotive technology company.