Tag Archive | "deals"

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)

AAG ACQUIRE MULTIPLE FACTORS WITH TURNOVER OF EU 44.1M

Tags: , , ,

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. 

 

 

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

GSF REPLACE 60 PERCENT OF VAN FLEET

Tags: , , ,

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.

 

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

BREAKING: TMD FRICTION REINSTATES ANDREW PAGE SUPPLY

Tags: , ,

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.

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

AUTOSTORES GROUP ACQUIRES BARUM AUTOPARTS

Tags: , , , , ,

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.

 

 

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

COMPETITION WATCHDOG TO INVESTIGATE ANDREW PAGE TAKEOVER

Tags: , , ,

COMPETITION WATCHDOG TO INVESTIGATE ANDREW PAGE TAKEOVER


The Competition and Markets Authority is to probe the recent acquisition of Andrew Page by Euro Car Parts.

The case was opened on October 14, but no start or end date for the inquiry  has yet been announced.

Full details on the investigation, including the contact for any representations can be found on the CMA website here. 

 

Posted in Factor & Supplier News, Latest News, latest news, NewsComments (1)

MAFCO AND DL PRODUCTS MERGE

Tags: , , ,

MAFCO AND DL PRODUCTS MERGE


15584417 - corporate partnership and business teamwork growth concept with two human head shapes merging together to form an upward pointing arrow made of gears and cogs as a financial success symbol on a white background

Suppliers MafcoBell and DL Products have merged, forming a new company Mafco Autobar.

Both companies are known for their own brand products, as well as for distributing other names, including Trico, Abro and Supercool from the USA and Jubilee and Bailcast from the UK.

For 30 years DL Products have supplied Autobar workshop consumables while MafcoBell produced similar lines, albeit in larger trade packs that were aimed at accessory shops and factors.

A statement from the newco said: “By combining both ranges, along with the brand distribution that both companies currently offer, we believe that we can now offer the automotive aftermarket a complete range that is second to none”.

“We look forward to providing an improved service to all of our customers with our expanded ranges” the statement concluded.

The new company was registered in July and started trading on the first day of October.

 

Photo: Copyright: <a href=’http://www.123rf.com/profile_lightwise’>lightwise / 123RF Stock Photo</a>

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

GAU PARENT ACQUIRES FRENCH BREAKERS’ YARDS

Tags: , , , ,

GAU PARENT ACQUIRES FRENCH BREAKERS’ YARDS


equipe-geneve-devant-facade-2Alliance Automotive Group has announced that it has acquired Geneve Occasion, a large-scale dismantler of end-of-life vehicles. The facility has outlets in the French towns of Niort and la Rochelle.

This acquisition is part of a new development in the Group’s to expand its scope of activity in the parts recycling sector. Beginning 1st of January of 2017, a law on ‘energy transition’ in France requires all professionals involved in the maintenance and repair of vehicles to offer consumers recycled parts or remanufactured parts.

Despite the name, Geneva Occasion has no connection with Switzerland. Annually, the business dismantles 6,000 light vehicles and indexes the core and body panels for traceability. Company President Francois Logeay will remain with the firm following the transition to the new owner.

“Our Group will be an important actor in this sector,” commented Eric Girot, Managing Director of Alliance Automotive Group – France.   “This investment will enable us to meet the future needs of our distribution networks, namely Groupauto, Partners, Precisium Gef’Auto as well as our repairer networks and insurance partners. Geneva Occasion’s performance is built upon a long and solid relationship with insurers. By means of this acquisition, we intend to offer a ready-made solution for customers looking for structured channels in the spare parts recycling sector” he said.

The acquisition follows on from a string of high-profile acquisitions by AAG in recent months. Notably, the Group acquired wholesaler FPS along with Apec Braking and BTN Turbo from Lookers PLC in August.

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

RING AUTOMOTIVE ACQUIRES CARNATION DESIGNS

Tags: , ,

RING AUTOMOTIVE ACQUIRES CARNATION DESIGNS


Ring Automotive has announced the acquisition of vehicle electrical system conversion company Carnation Designs.

The agreement, which will see Ring acquire the trade and specified assets of Carnation Designs, will allow both organisations to pool their resources and skills to develop their business. Carnation Designs, best known for converting vehicles for use as panda cars and ambulances, will benefit from access to increased investment and support in new product development, while for Ring the step will increase its presence in the vehicle conversion market.

Richard Morley, Business Unit Director at Ring, said: “As a progressive brand that is always looking for opportunities to extend our range of specialist products, it made perfect sense for us to acquire Carnation Designs. The business has a strong brand with the Genisys system, and we want to work together to strengthen both organisations and the opportunities that we have in the vehicle conversion sector.

“Bringing together the experience and skill sets of both organisations, the acquisition will allow for the knowledge transfer of specialist vehicle conversion applications to the fleet markets.”

Richard Yates, Business Development Manager from Carnation Designs, comments: “We are pleased to announce the acquisition by Ring, which reinforces our commitment to technically advanced systems that benefit our customers working in specialist vehicle markets.”

“Working alongside Ring will allow us to invest in the future development of our products. We are very excited by the opportunities that this combined knowledge and focus will present. All of the Carnation Designs team is excited to be joining Ring and working closely with them.”

Craig Pettit at Squire Patton Boggs Leeds office provided legal advice to Ring management and Jeff Gardner at Dow Schofield Watts Transaction Services provided financial due diligence services.

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

Advertisement
  • What do connected cars have in store for the aftermarket?
  • Battery Store: What are suppliers planning this winter?
  • Suspension, spark plug and charger plants visited

more info

    • 'Electric vehicles will disrupt the aftermarket as we know it' Agree?

      View Results

      Loading ... Loading ...
    • Popular
    • Latest
    • Comments
    • Tags
    • Subscribe