Tag Archive | "deals"

NEWS: IMPERIAL HOLDINGS ACQUIRES PENTAGON

Tags: , , , ,

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.

Posted in Factor & Supplier News, Garage News, Latest News, News, special newsComments (0)

REMY: EUROPEAN EXPANSION PLANED BY NEW OWNER

Tags: , ,

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.

Posted in Latest News, NewsComments (0)

PARTS ALLIANCE TAKEOVER: UNI SELECT DEAL COMPLETED

Tags: , , , ,

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.

 

Posted in Factor & Supplier News, Latest News, News, UncategorisedComments (0)

TRANSFER WINDOW: NEW SUPPLIER DEALS

Tags: , , , , , , ,

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.”

Posted in Batteries, Blogs, Factor & Supplier News, Filters, Garage News, News, Retailer News, UncategorisedComments (0)

BMS SUPERFACTORS ACQUIRED BY PARTS ALLIANCE

Tags: , , , ,

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.

Posted in Factor & Supplier News, Latest News, News, Retailer News, special newsComments (0)

DELPHI TO SPIN-OFF POWERTRAIN DIVISION

Tags: , ,

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

Posted in Latest News, Mag Info, NewsComments (0)

BOSCH ROTATING DIVISION SOLD TO CHINESE BUYERS

Tags: , , , ,

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.”

Posted in Factor & Supplier News, Garage News, Latest News, NewsComments (0)

ECP ACQUIRES IRELAND-BASED TEAM P R REILLY AND KARKRAFT

Tags: , , , ,

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.”

 

Posted in Factor & Supplier News, Latest News, News, special news, UncategorisedComments (0)

FERDINAND BILSTEIN ACQUIRES KM AUTO TECHNIK

Tags: , , ,

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.

Posted in Factor & Supplier News, Latest News, NewsComments (0)

HELLA ANNOUCE PARTNERSHIP WITH FILTRATION BRAND HENGST

Tags: , , , , ,

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”.

 

Posted in Latest News, News, UncategorisedComments (0)

Advertisement
  • It has been the grimmest month for the High Street, so what can accessory retailers do?
  • Bentley Lifestyle: A specialist talks tips of the trade
  • Keep it rolling: New challenges in the S&S sector

more info

    • Sorry, there are no polls available at the moment.
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe