Reddi Brake to Close 7 Warehouses to Cut Costs

Reddi Brake Supply Corp. has announced that it sees a fiscal fourth-quarter loss, and it closed seven “under-performing” warehouses as a result.

Officials with the Ventura-based company said in a statement that it may close more warehouses to cut costs.

Reddi Brake operates 85 warehouses in 26 states.

The company provides brake distribution systems and sells chassis components and other auto undercarriage parts to installers.