Tag Archive | "deals"

LIQUI MOLY ACQUIRED BY WÜRTH GROUP

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LIQUI MOLY ACQUIRED BY WÜRTH GROUP


A deal has been struck by German lube producer Würth Group to acquire Liqui Moly.

Würth Group has owned shares in the Ulm-based company for some years. Now, Managing Partner Ernst Prost has agreed to sell his controlling share in the company, effective January 1s subject to the usual regulatory approvals.  

Following the sale, Würth has said that Liqui Moly will continue to operate as an autonomous company with an independent brand in the Group. Prost will remain with Liqui Moly as joint MD, sharing the role with the firm’s long-standing Head of Sales, Günter Hiermaier.

Liqui Moly has sponsored Team Engstler for years

Peter Zürn, Deputy Chairman of the Central Managing Board of the Würth Group said: “We are proud that this successful and established brand, which is known for its outstanding reputation and great dynamics, will enrich the portfolio of the Würth Group. Our objective is the sustained successful development of Liqui Moly in the future. This is why we will continue to put our faith in the entrepreneurial expertise of Ernst Prost, just as we have done in the past 20 years as a silent partner at Liqui Moly”.

From Prost’s perspective it will be business as usual: “Those who know me know that my employees are my focus,” he said. “After all, it would be foolish to change anything about the road to success over the past few years. Everything will continue just as before – just under a bigger roof that offers greater protection.

In fiscal year 2016, Liqui Moly generated sales of approximately EUR 500 million with 800 employees.

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AAG ACQUIRE FAST PARTS WALES AND MORE

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AAG ACQUIRE FAST PARTS WALES AND MORE


Newport-based factor chain Fast Parts Wales and Peterborough-based Hereward Car and Truck Components are among a list of businesses acquired by Alliance Automotive Group in the last quarter.

Fast Parts Wales is a three branch light vehicle factor business based in South Wales with depots in Abercarn, Cwmbran & Tredegar.  The business was started around 25 years ago by the Travis family and the deal also includes the FastRads cooling system business based in Abercarn. The annual sales are around £9m and prior to the acquisition the business was a member of AAG’s GROUPAUTO buying group.

Hereward Car and Truck Components is another family run business, started in 1983 by the Saddington family. The two-branch factor was a member of the IFA buying group prior to the acquisition by AAG. Annual sales have been around £2.8m.

Single branch factors Macclesfield Motor Factors, DMFX (Darlington) and GD Components (Anglesey) have also been acquired by AAG.

There’s more info in the January issue of CAT Magazine.

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BREAKING: THE PARTS ALLIANCE ACQUIRES BBC SUPERFACTORS

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BREAKING: THE PARTS ALLIANCE ACQUIRES BBC SUPERFACTORS


Business group The Parts Alliance has acquired long-term affiliate member BBC Superfactors.

The seven-branch chain was established thirty years ago by Gary Shulman and Peter Rostron and initially covered the Blackburn, Bury and Chorley areas, hence the name.

“Combining the dedication of our loyal staff team with the expertise of The Parts Alliance has proved to be a winning formula for us over several years,” said MD Gary Shulman.  “We’re excited to now strengthen this relationship to ensure our business continues to thrive long into the future.”

“Since joining The Parts Alliance in December 2012, BBC have posted consistent double-digit annual sales growth and have invested to achieve industry-leading service levels. We are very pleased to welcome our BBC colleagues in the team,” stated Peter Sephton, President and CEO, European Automotive Group.

File pic of team at Blackburn branch

“This acquisition strengthens our position in the UK market and underlines The Part Alliance’s capability of driving growth both organically and through acquisitions,” added Henry Buckley, President and CEO of the PA’s Canadian parent company, Uni-Select.

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ECP SIGNS DEAL WITH CLICKMECHANIC

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ECP SIGNS DEAL WITH CLICKMECHANIC


Factor giant Euro Car Parts has signed a supply agreement with online aggregator ClickMechanic.

The deal means that the aggregator’s client base of mobile technicians and independent garages can take advantage of the pricing of a national account.

Andrew Jervis, Co-Founder of ClickMechanic, said: “We are truly excited to offer the benefits of this agreement to our mechanics and, in turn, grow their businesses. Supporting the UK’s mechanics is a core fundamental of ClickMechanic, and working with Euro Car Parts will deliver better value for money, service offering and parts accuracy for our members.”

Martin Gray, CEO of Euro Car Parts, said: “We are committed to delivering an outstanding range and service to all workshops throughout the UK and working with ClickMechanic is another step in that direction.”

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NEWS: IMPERIAL HOLDINGS ACQUIRES PENTAGON

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NEWS: IMPERIAL HOLDINGS ACQUIRES PENTAGON


South Africa-based Imperial Holdings Limited has acquired dealer group Pentagon. The buyout was made through Imperial’s Motus subsidiary though terms have not been announced.

Pentagon, established in 1991 by its current Chairman, Trevor Reeve, has grown steadily from an initial Vauxhall franchise base to represent leading car and van manufacturers, Peugeot, Seat, Mazda, Citroen, Kia, Renault, Nissan, Fiat, Alfa Romeo, Jeep and Mitsubishi. The group employs 1,262 people, 46% of those have been with the business for 5 years or more.

Existing management will remain throughout Penatgon ‘for a transitional period’ to ensure integration with Imperial’s existing vehicle business. The Pentagon name will remain.

Commenting on the transaction, Mark Lamberti, Group Chief Executive Officer of Imperial said, “We are delighted to expand our international retail footprint into the passenger and light commercial vehicle market in the UK through the acquisition of Pentagon.”

Imperial Holdings Limited is not to be confused with the similarly-named Imperial Automotive Limited.

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REMY: EUROPEAN EXPANSION PLANED BY NEW OWNER

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REMY: EUROPEAN EXPANSION PLANED BY NEW OWNER


A new group has been formed to help remanufacturing brand Remy expand across Europe.

The new group, known as BPI Group Europe combines Remy with Brake Parts Inc. Europe. The division plans to expand the brand with new product offerings under the Remy brand.

“While the company’s name has changed, our customers can continue to count on the trusted Remy brand now and in the future” said Zoltán Király, President and Executive Director, BPI Group Europe.

Remy was acquired by Brake Parts Inc. from Borg-Warner in 2016.

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PARTS ALLIANCE TAKEOVER: UNI SELECT DEAL COMPLETED

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PARTS ALLIANCE TAKEOVER: UNI SELECT DEAL COMPLETED


The deal announced earlier in the year between Canada-based Uni Select and The Parts Alliance has been completed with the former acquiring the latter from a private equity group.

Now the deal has been completed, Parts Alliance CEO Peter Sephton will join Uni Select’s Executive Team as President and Chief Executive Officer of the European Automotive Group.

“All of my colleagues in our organization, our suppliers, members and all other stakeholders see the opportunity for long term financial growth and stability, as well as personal growth as we join a team of like-minded individuals,” said Peter Sephton.

“We could not be more pleased to be adding The Parts Alliance to the Uni-Select family. This is an exciting new growth pillar for Uni-Select in the large and fragmented UK marketplace” commented Uni Select CEO Henry Buckley.

 

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TRANSFER WINDOW: NEW SUPPLIER DEALS

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TRANSFER WINDOW: NEW SUPPLIER DEALS


Fram coming to ECP

Transfer season sees clubs scouting for talent and players looking for a comfy life, aftermarket brands have also been swapping sides over the last month.

  • First of all, The Parts Alliance has announced a five-year partnership with the AA. The products will cover batteries, vehicle parts and consumables in a supply contract for five years. “We are delighted to be a business partner and supplier to the AA, one of Britain’s most trusted brands”. said Peter Sephton, Chief Executive of The Parts Alliance.
  • Meanwhile, Sogefi Filtration has signed an agreement with distribution giant Euro Car Parts, which will see the latter stock products under the Fram brand from the beginning of July. This will include the full range of light vehicle filters sold through ECP’s outlets in UK and Ireland. Nigel Duffield, Sales Director at Sogefi said: “The cooperation with Euro Car Parts is very promising and will surely contribute to further develop the presence of the brand throughout the country”.
  • The CAAR buying group has also made some signings, with oil brand Mannol now being stocked by the group’s members. The lubricant producer has had a good month, because in addition to the supply deal it also won two awards from separate German car magazines for it’s Combi Energy 5w30 Long Life oil. Andrej Gaikov from Mannol said: “We are absolutely delighted to have been chosen by CAAR’s members to be stocked in their stores. I feel this is the start of a great partnership for both of us”.
  • The A1 buying group has introduced Warwickshire-based Compressortech into its approved suppliers list. The remanufacturer of A/C compressors can now be distribute its products across the chain’s members. Gary Stephenson, Business Development Manager for Compressortech said: “A1 is a significant and recognised buying group and our thermal cooling products will further complement their expanding product ranges.
    We look forward to working with the members.”

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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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