Tag Archive | "deals"

BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE

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BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE


Business group The Parts Alliance has acquired BMS Superfactors, their Greater Manchester-based associate member. BMS Superfactors has four branches in Bury, Oldham, Rochdale and Dukinfield, collectively employing over 120 staff. Prior to the deal, BMS had been an associate member of the Parts Alliance.

Founded 25 years ago, BMS Superfactors begun as an accessory shop and has grown into a business completing 1,000 trade deliveries per day. Since joining The Parts Alliance in December 2012 it has posted double-digit annual sales growth.

“We’re delighted to be taking what seems a very natural next step with The Parts Alliance,” said Tony Parr, Managing Director of BMS. “Joining the group and gaining access to their OE parts ranges, outstanding AlliCat parts catalogue and overall business support has been central to our success to date.

Peter Sephton, Chief Executive of The Parts Alliance said:  “We welcome BMS Superfactors and all our new colleagues.

“The growth they have achieved bears powerful testament to the skills of the management team led by Tony Parr, Chris Morley and Neil Hardisty as well as the hard work of a loyal staff team. This important acquisition strengthens our group’s position in one of the UK’s prime metropolitan areas.

“Chris and Neil will continue to run the business, whilst Tony will be available to help as necessary.

“We very much look forward to developing the business further under what’s a well regarded local brand by bringing more of our technology, distribution and sourcing capabilities to support Chris and his team wherever we can.”

BMS becomes a wholly-owned business within The Parts Alliance Group  but will continue to trade under its own name. Chris Morley will continue to lead the business and will be joined by Neil Hardisty on The Parts Alliance’s management team.

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DELPHI TO SPIN-OFF POWERTRAIN DIVISION

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DELPHI TO SPIN-OFF POWERTRAIN DIVISION


OE supplier Delphi has announced that it is to spin-off its powertrain department into a separate independent and publically listed company.

Existing shareholders will automatically own shares in both companies in the plan, which is slated for completion in March 2018.

The need to put powertrain systems into a separate company has been attributed by Delphi to ‘megatrends’ – in other words the switch in developed countries away from diesel and to electrical systems, while in developing economies, the trend is for highly efficient, but very basic conventional systems.

Tim Manganello, Delphi

Kevin Clark, CEO said: ““At a time of unprecedented industry change, the underlying strength of both our operating businesses and strategic partnerships will allow each company to focus even more sharply on its unique opportunities, continue to develop the very best advanced technologies, and help our customers navigate the road ahead.”

Timothy Manganello, currently an independent Director on the Delphi Board, will become non-executive chairman of the new Powertrain company’s board of directors upon separation.

Kevin Clark, CEO, Delphi

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BOSCH ROTATING DIVISION SOLD TO CHINESE BUYERS

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BOSCH ROTATING DIVISION SOLD TO CHINESE BUYERS


Bosch’s starter motor and alternators division has been acquired by China-based supplier Zhengzhou Coal Mining Machinery Group Co., Ltd. (ZMJ) for an undisclosed sum.

ZMJ and its business partner China Renaissance Capital Investment (CRCI) signed the agreement yesterday, which will see the purchasers take control of Bosch’s division comprising 7,000 associates, 16 locations across 14 countries.

Speaking of the acquisition, Chengyao Jiao, CEO of ZMJ, said: “We are very pleased that we can now add to and successfully further extend our business with these new associates, their expertise, and the excellent products of the Starter Motors and Generators division.

“In the future, we want the Starter Motors and Generators division to play a central role in our company. Above all, we look forward to working with the existing management team to build up a business in the rapidly growing emerging markets. In addition, we want to further strengthen our position in the markets in which [the Bosch Starters and Generators division] is already a leader.”

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ECP ACQUIRES IRELAND-BASED TEAM P R REILLY AND KARKRAFT

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ECP ACQUIRES IRELAND-BASED TEAM P R REILLY AND KARKRAFT


Factor giant Euro Car Parts has acquired the business of Team P R Reilly, a Dublin-based car parts, accessories and bodyshop business  as well as Karkraft (N.I.) Ltd  a paint and collision repair supply specialist. The deal expands ECPs operations across Ireland, following the acquisition of distributor Hella Ireland.

Terms of the deal were not disclosed, although the new owner announced that the 150 employees affected by the deal ‘will benefit from professional opportunities and training across LKQ Corporation’s global platform”. The senior management team from P R Reilly will remain in place.

Martin Gray, CEO of ECP said: “A strong track record, significant market expertise and a cultural approach so like our own, meant that the opportunity to work alongside (P R Reilly Owner) Norbert Reilly and the senior management team at Team P R Reilly was not to be missed. We immediately felt that we had the same goal in mind: to deliver exceptional customer service, keep the independent aftermarket competitive and support the industry in developing its own profile. Over the coming months, we will share best practices and take advantage of the opportunities to learn from one another across market sectors and distribution channels.”

Gray continued: “We are particularly excited about leveraging our global sourcing network to equip our customer partners with unparalleled choice of mechanical and collision parts, paint and specialist equipment.”

UK Chairman and LKQ Board Member, Sukhpal Singh Ahluwalia, added: “I’m delighted to welcome Team P R Reilly colleagues to the family and the next stage of the incredible Euro Car Parts journey. Team P R Reilly has a heritage stretching back more than 75 years and we have a duty to our customers, partners, employees and suppliers to ensure that we build relationships that will lead to sustainable and considerable growth. Everyone has a part to play in our ambitious growth plans and I look forward to working with the senior team to support their strategic direction and leadership.”

 

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FERDINAND BILSTEIN ACQUIRES KM AUTO TECHNIK

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FERDINAND BILSTEIN ACQUIRES KM AUTO TECHNIK


Component company Ferdinand Bilstein will take over southern German clutch brand KM Auto Technik (KM), effective April 3, having acquired 100 percent of the firm. Terms of the deal have not been disclosed.

Company bosses Karsten Schüssler-Bilstein and Jan Siekermann will lead future development and strategy of KM in Durmersheim. The KM brand itself will join febi, SWAG and Blue Print, which are already under the Bilstein Group umbrella. Integration of the newcomer is expected to be complete in 2018.

“KM is an established and successful brand for clutch technology. With its integration into the bilstein group, we will be able to offer our customers an even wider range of spare parts. KM’s partners will benefit in future from our additional services, our international presence and our efficient logistics processes,” said a joint statement from Schüssler-Bilstein and Siekermann.

KM was founded in 1988  by Robert Kary and Albert Mangler.

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HELLA ANNOUCE PARTNERSHIP WITH FILTRATION BRAND HENGST

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HELLA ANNOUCE PARTNERSHIP WITH FILTRATION BRAND HENGST


HELLA_HENGST_FILTRATION SYSTEM_Logo_2D_4c

A deal has been struck between Hella in the UK and German filter brand Hengst Filtration.

The alliance will see filtration products packaged and sold as Hella Hengst from the beginning of April.

Stock will be distributed from Hella’s 90,000 sq ft warehouse in Oxfordshire and there are four UK product managers and six UK business development managers to support the new alliance. Recent hires include Product Manager Mark Adams, who previously worked at Trico and Universal Automotive.

Apart from new packaging, the cabin air filter range will include a set of intructions incase there are any problems in locating or fitting the filter.

Christopher Heine, CFO at Hengst said: “We have entered into this alliance because it combines the best of two traditional companies”.

Matthew Say, MD of Hella UK commented: “As part of our service concept, we want to deliver best in class logistics. As noted, we have a 90,000 sq ft footprint with a pick-by-voice delivery system and are able to deliver within 24 hours. This means that we become our customers’ second warehouse. What we have from day one is a substantial stock investment allowing us to service the aftermarket”.

 

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AAG ACQUIRE MULTIPLE FACTORS WITH TURNOVER OF EU 44.1M

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AAG ACQUIRE MULTIPLE FACTORS WITH TURNOVER OF EU 44.1M


Trading organisation, Alliance Automotive Group has confirmed that it acquired six UK businesses in the last quarter worth a total turnover of EU44.1m, with another two more recent purchases yet to be confirmed.

The 19-branch Mill Auto was the best-known acquisition by the trading group, with the annual turnover amount confirmed as EU 36.7m. The next highest value was Stockport-based CV Parts with turnover of EU 2.1m.

Other light vehicle distributor acquisitions include Keighley-based KG Motaquip, Hartlepool-based Advanced Motor Components and Newcastle upon Tyne based Northumbrian Motor Factors, each of which are single-branch factors.

Cargo Motor Factors, based in Newcastle under Lyme in Staffordshire was also bought.

Within the past week, there have been reports that a multi-branch factor in the North of England and a single branch firm in the South East have also been acquired.

Ed’s note: An earlier version of this story confused sale price and turnover. Apologies for any confusion it may have caused. 

 

 

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GSF REPLACE 60 PERCENT OF VAN FLEET

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GSF REPLACE 60 PERCENT OF VAN FLEET


350 new vans for GSF in 2017

350 new vans for GSF in 2017

Factor chain GSF Car Parts has ordered 350 new vans to replace some of the older vehicles in its fleet in a deal valued at £3.5m

GSF has already taken delivery of 12 Peugeot Partner vans at its Birmingham head office but, during the course of 2017, will replace a total of 350 vehicles – representing some 60 percent of its UK fleet – across its nationwide network of 65 branches.

Following the takeover of the company by Hg-owned Parts Alliance in 2015, the management of the GSF fleet is being transferred into The Parts Alliance Group’s fleet team, under Steve Evans, Group Fleet Manager and Tony Shearer, Branch Operational Services Director.

“This is a major investment that will bring the GSF van fleet into line with our fleet policy for the rest of the group,” said Tony Shearer. “We generally work on a four to five year and 150,000 mile replacement cycle.”

The vehicles are being financed through fleet management firm Zenith and sourced though Robins and Day, a London dealer owned directly by Peugeot.

 

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BREAKING: TMD FRICTION REINSTATES ANDREW PAGE SUPPLY

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BREAKING: TMD FRICTION REINSTATES ANDREW PAGE SUPPLY


The following statement has been issued to CAT from TMD Friction UK:

 

Following the recent sale of Andrew Page to LKQ Corporation, TMD Friction UK has been in discussions with the company to agree a deal to reinstate its relationship to distribute Mintex products.

Steve Firbank, managing director of TMD Friction UK, said: “We have a strong relationship with LKQ and it was a natural progression to strengthen our relationship with the company for Andrew Page to distribute our Mintex products.

“As well as working closely with our independent partners across the UK, the agreement with LKQ will ensure a wider distribution network for Mintex that has become a product of choice for garages.”

TMD Friction will also launch its Textar product into the UK market in 2017. Textar is a premium original equipment product and will offer factors and garages an alternative brand.

Andrew Page had been amoung the largest distributors of TMD products, but the latter had ceased supply in the wake of Andrew Page’s well-publicised financial trouble.

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AUTOSTORES GROUP ACQUIRES BARUM AUTOPARTS

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AUTOSTORES GROUP ACQUIRES BARUM AUTOPARTS


Barum barnstableSouth-West based factor chain Barum Autoparts has been acquired by the Autostores Group. Terms of the deal have not been disclosed.

The six-branch chain was started in Barnstable in 1990 by David Payne and David Knight. A previous nominee for the Factor of the Year CAT Award, the group also includes  Mike Best Auto Components in St. Austell.

Confirming the acquisition, Autostores MD Alastair Whatmore  said: “This will be a positive addition to our own company and we are looking forward to working with the Barum team, customers and suppliers in the future”.

Whatmore also noted that the acquisition would be a ‘welcome addition’ to the Parts Distribution Partnership (PDP) buying group, which he also chairs. The PDP had been seeking new members since the departure of Pat Williams, Partservice and others earlier in the year.

 

 

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