Tag Archive | "deals"

UNIPART WINS EXTENSION TO JLR PACKING CONTRACT

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UNIPART WINS EXTENSION TO JLR PACKING CONTRACT


Unipart Logistics has signed a new contract with Jaguar Land Rover to retain packing services for a further four years.

The contract provides work for around 100 colleagues at Unipart’s Honeybourne site in Worcestershire and Baginton site in Coventry and will run to the end of 2022.

The operation packs around 800,000 parts every month prior to them being put into storage and distributed across the Jaguar Land Rover global network.

Unipart Logistics started packing for Jaguar Land Rover in 2007 at the Honeybourne site. The service was extended to Baginton in 2010. Since then, the scope of Unipart’s service has grown to the point where the full range of Jaguar products are now packed.

Account Director Elizabeth Satinet said: “I’m delighted we have secured this contract at both Baginton and Honeybourne. The packer operation is a highly visible activity to a multitude of areas within the Jaguar Land Rover supply chain and requires significant collaboration with the customer.

“The team has really worked hard to streamline the processes using digital solutions to enhance the quality and efficiency of the service and enable us to win this four year contract”

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PEOPLE: FORMER ECP DIRECTOR ANNOUNCED AS CEO OF SPICERS

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PEOPLE: FORMER ECP DIRECTOR ANNOUNCED AS CEO OF SPICERS


Spicers SPOT Group, a wholesaler of office supplies, has confirmed that Steve Horne will become CEO from March 4th.

Horne will be familiar to many CAT readers as the Chief Operating Officer of Euro Car Parts, a position he held until a board walkout in December. Previously, Horne held senior positions in Unipart Automotive and Wickes Building Supplies.

READ: WALKOUT AT EURO CAR PARTS

READ: ANDY HAMILTON APPOINTED CEO OF ECP

Horne commented “I am very excited about joining the SPOT Group, where the history of the company complemented by the expertise and commitment of the team, gives a great foundation for the future”.

The SPOT acronym comes from the 2014 merger of SPicers and Office Team.

 

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HELLA AND PLASTIC OMNIUM SIGN ‘STRATEGIC COOPERATION’ PACT

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HELLA AND PLASTIC OMNIUM SIGN ‘STRATEGIC COOPERATION’ PACT


Automotive suppliers Hella and Plastic Omnium are entering into a ‘strategic cooperation’ to develop new integrated front and rear lighting for vehicles. Hella contributes to the collaboration through its competence in automotive lighting technology, while Plastic Omnium brings the expertise in plastics processing for exterior body parts. The plan is to also bundle the corresponding development resources together at one site in Germany.

“Lighting is shaping vehicle design more than ever and the demand for individualisation and differentiation will continue to grow in the future. Additionally, lighting can also contribute to communication and safety in automated driving scenarios,” said Hella CEO Dr. Rolf Breidenbach. “By further deepening the collaboration with our long-standing partner Plastic Omnium, we will have additional opportunities to further drive these market trends and offer our customers new levels of freedom in terms of functionality and design.”

Rolf Breidenbach of Hella and Laurent Burelle of Plastic Omnium ink the agreement

The firms have already been working together successfully for several years as part of the joint venture HBPO.

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AAG ACQUIRES PLATINUM INTERNATIONAL

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AAG ACQUIRES PLATINUM INTERNATIONAL


The Alliance Automotive Group (AAG) has acquired battery distributor Platinum International. Terms of the deal have not been disclosed.

Previously known as UK Batteries, Platinum International was formed in 2002 by Chris Taylor following the sale of a previous battery venture. Speaking about the acquisition, he said: ““I am delighted to see Platinum become part of AAG, especially with its reputation as a leader in the UK market. Platinum has been built over a long period of time and I would like to thank my team for their hard work and contribution to making the business a success. The development of Platinum is also a testament to how much support and loyalty we receive from our customers and suppliers and I am convinced that, together with AAG, Platinum will continue to achieve great things. I am confident that I’ve found the best long-term home for the business.”

AAG, which is owned by the U.S based Genuine Parts Company, has made a number of acquisitions in the UK over the year to date, most of which have been all-makes motor factors. Platinum joins Apec Braking and BTN Turbo as AAG’s specialist distributors.

Steve Richardson, Managing Director of AAG UK stated, “We are excited to welcome Platinum into our UK business and to strengthen our position in the UK battery market. We have tremendous respect for Platinum as a long standing supplier to our Group and are confident the integration of the company into AAG will add value for all our customer and lead to long term, sustainable, growth. Platinum has a strong and talented management team and is an excellent strategic fit for our group”.

 

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HONEYWELL GARRETT APPOINTS TURBOACTIVE AS ‘MASTER DISTRIBUTOR’

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HONEYWELL GARRETT APPOINTS TURBOACTIVE AS ‘MASTER DISTRIBUTOR’


Honeywell turbochargers have new distribution.

Turbocharger manufacturer Honeywell Garrett has appointed Teeside-based Turboactive as a ‘master distributor’ for the UK and Northern Ireland. Rival distributor BTN Turbo is also a master distributor for the brand, and will continue to be so.

”We are very excited  about being appointed a Garrett Master Distributor as it marks a significant change in customer choice, it enables our customers to choose from a huge range of turbos for all sectors-both new and remanufactured” said MD Steve Bush.

Mr. Bush said that the move would give the company access to new markets, allowing it to expand yet further into commercial vehicles and industrial applications in addition to enhancing the light vehicle offering.  He added, ” We are thrilled to have been selected as only one of just two distributors of Honeywell Garret products in the UK market!”

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ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT

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ELTA AUTOMOTIVE IN MANAGEMENT BUY-OUT


Component supplier and Lucas licence holder, Elta Automotive has been subject to a management buy-out.

Terms of the MBO have not been announced, nut current MD Ian Hallam, who has worked with Elta since the company was incorporated, has become the company’s co-owner, alongside long-term European partner Luxline spol. s r.o – lead by Vladimír Palacka. Ian Hallam and Luxline become equal shareholders of a new holding company, Elta Investments replacing the previous holding company, Claverdon Fields.

The formation of a newco required the existing Lucas licence to be renegotiated. Elta will continue to supply bulbs, wiper blade and switchgear under the Lucas brand in the UK and Continental Europe, but engine management products bearing the name will now be supplied by SMPE.  As a result, Elta’s engine management programme will be supplied under the ‘Pro’ brand, announced last year.

“Our relationship with the iconic Lucas brand remains extremely important and will be a cornerstone of our European offering” remarked Hallam.

Elta HQ in Coleshill

“However, as would be expected, a change of ownership inevitably requires a new licence agreement with the brand owners, which is why we are particularly delighted to be able to announce that this has been secured and on a mutually positive basis for both parties” he said, adding that he was ‘thrilled’ with the prospect of a ‘significantly wider territory’ to sell the Lucas brand into.

 

 

 

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NEW CASTROL DISTRIBUTION DEAL FOR CERTAS COMPANY

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NEW CASTROL DISTRIBUTION DEAL FOR CERTAS COMPANY


Lubricant distributor The Race Group has announced that it has renewed its partnership with Castrol with a new five-year contract, extending its supply of product to customers in the South of England in addition to the Midlands and the North which were covered int the previous agreement.

The contract secures The Race Group, part of nationwide distributor Certas Energy, as Castrol’s largest authorised distributor in the UK.

Andrew Salton, General Manager at Certas Energy and Sales Manager at The Race Group, commented, This is great news for both current and new customers who will experience improved levels of service and technical knowledge”.

 Mark  Scarisbrick, Distributor Manager at Castrol UK, added,“As our chosen route to market, we awarded The Race Group the contract to grow the Castrol brand in the South of England. We are confident that customers will enjoy a professional service that delivers business results. Given our long standing partnership we have the utmost trust in their experience, expertise and capabilities to be an ambassador of the Castrol brand across the South of England”.

 

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HELLA COMPLETES €395m MEKONOMEN DEAL


Hella has successfully concluded sale of wholesale businesses FTZ and Inter-Team

The Danish and Polish wholesale businesses were transferred to Swedish wholesaler Mekonomen after approval by the cartel authorities

 After approval by the antitrust authorities responsible, both companies were transferred to the Swedish wholesaler Mekonomen. Subject to the terms of the transaction, the purchase price amounts to € 395 million.

“We are delighted about the successful conclusion of the transaction. From now on we will be able to focus our aftermarket activities even more on the two strategic columns independent aftermarket and innovative workshop equipment,” says Dr. Werner Benade, Managing Director of the Aftermarket and Special Applications segments at HELLA. “In particular, we are thus going to advance the interaction between both areas and accelerate the development of new digital business models.”

FTZ and Inter-Team employ a total of around 2,500 people. In the last fiscal year 2017/2018 the two wholesalers achieved total sales of around € 500 million. This corresponds to approx. seven percent of HELLA’s group consolidated sales.

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MAHLE TO ACQUIRE BEHR HELLA SERVICE

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MAHLE TO ACQUIRE BEHR HELLA SERVICE


Mahle’s Telford site

Filter manufacturer Mahle is to acquire Hella’s shares in Behr Hella Service, subject to the usual approvals. Terms of the deal have not been disclosed.

Currently, the operation is a joint venture between Mahle and Hella, but if the acquisition is successful Mahle intends to manage the spare parts business for thermal management products on its own.

There will be a transitional period, but it is planned that thermal products will be sold under the Mahle brand from the start of 2020.

Noting that Hella plans to concentrate on its core competences of lighting and electronics, coupled with workshop equipment, Dr Andreas Habeck, a BDM from Hella, said: “Together we will make the transition of the business activities as smooth as possible for our customers”.

Olaf Henning, Head of Aftermarket at Mahle said: “Efficient thermal management will play an increasingly important role in future – for all powertrain technologies. This move will allow us to give the best possible support in this promising area and ensure the successful operation of workshops.

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HELLA SELLS DISTRIBUTORS TO MEKONOMEN

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HELLA SELLS DISTRIBUTORS TO MEKONOMEN


Hella GmbH is selling its Danish and Polish parts distributors, FTZ Autodele & Verktoj  (FTZ) and Inter-Team s.p to the Swedish wholesaler, Mekonomen AB. A corresponding agreement has been signed by both companies. Terms of the deal amount to €395 million on a cash- and debt-free basis. In addition, a consideration equivalent to profits generated from November 30, 2017 to completion of the transaction will be paid to Hella. The sale is subject to approval  and is expected to close in Q3 2018. Financial advice was provided by Jefferies,

“With Mekonomen, a renowned wholesaler will take over our activities in Denmark and Poland, which will strategically develop the business,” explains Dr Werner Benade, Hella GmbH Managing Director. “We will systematically focus the Aftermarket segment on the independent spare parts business and innovative workshop equipment. As part of this, we are accelerating the interaction between the divisions and opening up digital business models.”

Pehr Oscarson, President and CEO of Mekonomen, adds: “Through the acquisition of FTZ and Inter-Team, we strengthen our position as a leading automotive spare-parts distributor in the Nordic region and take the step into Europe. The acquisition is in line with our strategy of playing a central role in the ongoing consolidation in Europe. These are two well-run companies that will continue to develop within the framework of existing corporate structures and brands as standalone companies in the Group.”

FTZ and Inter-Team employ a total of around 2,500 people. The two wholesalers achieved total sales of around €480 million in the 2016/2017 financial year. This corresponds to about seven percent of HELLA’s group consolidated sales.

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