FMP Group, as the company is now known, was founded in 1955 in Ballarat, Australia. Bendix Corporation of the US acquired a 51% stake in the company and formed a joint venture, known as Bendix, Mintex Pty. Ltd. to manufacture a wide range of friction materialsfor passenger and commercial vehicles, as well as industrial applications. The affiliation with one of the world's largest friction material manufacturers, Honeywell Friction Materials (USA) provides the company with access to the latest friction material technology and techniques.