The auto parts supplier plans to shut down a manufacturing plant and lay off 100s of workers.

Every Thursday, get the latest dispatches from Philly’s business and innovation community delivered right to your inbox. Cardone Industries plans to lay off more than 1,300 workers in Philadelphia.

TPG Capital agreed to acquire Cardone Industries Inc., which provides new and remanufactured auto parts and products, for an undisclosed amount. The Cardone family, which has owned the Philadelphia ...