Tag Archive | "LKQ"

BREAKING: ANDREW PAGE TO REBRAND AS LKQ EURO CAR PARTS

Tags: , ,

BREAKING: ANDREW PAGE TO REBRAND AS LKQ EURO CAR PARTS


The century-old Andrew Page brand is to be dropped as owner LKQ Europe rebrands its UK factors under a single identity.

Signage coming down at former Markham Vale DC in 2018

Both Andrew Page and Euro Car Parts will rebrand as ‘LKQ Euro Car Parts’ as part of a phased roll-out. All employees will now gain access to the same information and systems as revealed in the June edition of CAT.

Across Europe, the LKQ Group is working on a number of integration projects, including the transition to unified purchasing, which will increase the global market leader’s buying power and ability to collaborate with suppliers on innovation.

Andy Hamilton, CEO of the LKQ Euro Car Parts Group, said: “The introduction of the LKQ Euro Car Parts brand is a milestone in our evolution as a business in the UK and Europe”

“Together, as LKQ Euro Car Parts in the UK and as part of the wider LKQ Group in Europe, we are stronger, more competitive and better able to offer a market-leading customer experience”.

READ: ANDREW PAGE AND ECP TRAINING PROGRAMMES MERGE

“At a time when the aftermarket faces some significant and transformational challenges, we are going to be better-equipped than ever before to help prepare it for the future.”

Some recently-merged Andrew Page and Euro Car Parts branches will be among the first to be rebranded under the new LKQ Euro Car Parts fascia.

READ: BREAKING: ECP PARENT ACQUIRES ANDREW PAGE

Andy Hamilton added: “It’s been four years since Andrew Page joined the Euro Car Parts family and we’re proud of the role we played in safeguarding hundreds of years of collective expertise in the aftermarket.

New combined LKQ Euro Car Parts logo for existing Andrew Page and Euro Car Parts branches

“From the beginning, we had a clear rationale to bring some of the industry’s best people together and give them an unrivalled scale and cutting-edge enterprise solutions tools that make their jobs easier.

“Following these changes, we will continue to have an unrivalled nationwide branch network, and will be in a stronger position than ever to drive the business forward.”

There are no current plans to change the LKQ Coatings and Arleigh International brands.

 

Posted in Factor & Supplier News, Garage News, Latest News, News, special newsComments (26)

LKQ PLOTS GROWTH AFTER CORONAVIRUS PANDEMIC

Tags: , , ,

LKQ PLOTS GROWTH AFTER CORONAVIRUS PANDEMIC


Euro Car Parts owner LKQ Europe has stated that it is positioned for continued growth after the coronavirus crisis, with plans for further expansion and investment in its existing framework.

The Munich-based corporation, which acquired ECP in 2011 and owns more than 70 firms across Europe, has released the following statement:

——————–

LKQ Europe, the European automotive Independent Aftermarket market leader, is positioned for continued growth after the coronavirus crisis. Acquisitions remain important for the company now, as the situation unfolds, and after the crisis. “We will of course continue to monitor the market and will also look for external growth opportunities again when the time comes,” said Arnd Franz, CEO of LKQ Europe, in an interview published today with the Frankfurter Allgemeine Zeitung (FAZ). “After the coronavirus crisis, we want to grow over proportionally again. Currently, the integration of the more than 70 European market-leading companies acquired since 2011 remains a priority throughout the current crisis. 

LKQ Europe is by far the largest and only pan-European automotive parts distributor. This market position will be maintained and further expanded upon with new services, explained Franz. In the past three years alone, LKQ Europe has invested hundreds of millions of euros into two new fully-automated central warehouses in England and the Netherlands, the latter of which will go into operation at the end of 2020. The acquired companies are clearly benefiting from the high level of investment, as the example of Euro Car Parts in England shows: since the takeover in 2011, the number of employees has tripled, the number of branches has quadrupled, and turnover has increased fivefold.

In the current integration phase, LKQ Europe is investing primarily into a uniform European IT infrastructure and into harmonized standards, for example in purchasing and inventory management. Arnd Franz said “the European integration will enable us to leverage our strengths even better in the interests of our customers.” LKQ Europe is already a strong partner, especially for European companies such as fleet operators. With new services and training in the areas of digitalization, networking, security and environmental protection, LKQ Europe is constantly expanding its offering. In the current crisis, the need for information has increased once again. LKQ Europe is responding to this with an increased number of digital training courses and is informing its customers about operational questions, health care, and financing.

Arnd Franz also spoke about preparations for, and managing through, the crisis. “We already started to prepare ourselves in January; for example, through higher safety stocks,” said Arnd. “We are able to deliver, even if our suppliers are temporarily unable to produce. Though this is the worst crisis in decades, LKQ Europe’s top priority is to ensure the reliability of its delivery for its customers, as well as the protection of our employees.”

According to Arnd Franz, automotive workshops, and especially the steadily-growing number of independent workshops in recent years, guarantee safe, clean, and individual mobility. “It is a system-relevant business and we support our customers by continuing to guarantee the fast delivery of vehicle parts.” In Germany alone, LKQ Europe supplies more than 15,000 workshops with automotive parts per day. “If we can ensure that hundreds of thousands of vehicles continue to be serviced in Germany’s workshops every day, our economy will come out of this crisis in better shape and we will avoid more accidents, broken-down vehicles and, last but not least, pollutant emissions.” 

“Therefore, workshops must remain open,” said Arnd Franz as he addressed politicians throughout Europe.

ENDS

Posted in Latest News, latest news, NewsComments (1)

LKQ CORP. TO SELL TWO MOTOR FACTOR CHAINS

Tags: , ,

LKQ CORP. TO SELL TWO MOTOR FACTOR CHAINS


Chicago-based LKQ Corporation has announced the decision to sell two Czech wholesale automotive parts distributors to Swiss Automotive Group AG. Terms of the transaction were not disclosed.

In May 2018, the European Commission cleared LKQ’s acquisition of Stahlgruber GmbH, with the exception of Stahlgruber’s two wholesale businesses in the Czech Republic, which were referred for review to the Czech Competition Authority. Earlier this year, the Czech Competition Authority approved LKQ’s acquisition of the two Czech distributors, subject to certain divestiture conditions. LKQ subsequently decided to sell the entire equity interests of the two businesses. LKQ Europe will continue to operate its existing Auto Kelly a.s. and ELIT s.r.o. businesses in the Czech Republic.

Dominick Zarcone, President and Chief Executive Officer of LKQ, stated, “We appreciate the efforts of local management to build a successful business in the Czech Republic, and we are proud that we have found an outstanding new owner for it.”

LKQ expects to complete the sale in early 2020, subject to required regulatory approvals.

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

LKQ CONFERENCE FOCUSSES ON CHANGE MANAGEMENT

Tags: , , , ,

LKQ CONFERENCE FOCUSSES ON CHANGE MANAGEMENT


A conference between managers within the LKQ  Europe took place at Wembley recently with a focus on change management.

Nick Zarcone, CEO LKQ Corp. spoke at the conference

John Quinn, CEO of LKQ Europe, underlined the need for embracing the modern era: “It is clear we can’t assume the coming years will resemble the past because things are changing faster than ever before. We need to anticipate these opportunities and act. We all need to recognise the critical need to adapt and change as there is a massive opportunity for LKQ to actively shape the independent aftermarket for the benefit of our customers, employees and shareholders” he said.

The conference attendees agreed that the key to continued success is putting customers first through helping the customers understand and navigate the changing environment.

READ: HAMILTON APPOINTED NEW CEO OF EURO CAR PARTS

Arnd Franz, COO pointed out: “We need to offer our garage customers everything they need for a successful business – service, support, equipment and training on new issues arising from the technology shift. We have to grow LKQ in order to gain the scale effects required to provide our customers with solutions that will allow them to remain competitive. We need to support them with logistic networks that give them flexibility and speed for their customers. We need to equip them with brands and concepts upon which end-customers can rely”.

READ: ECP PARENT TO ACQUIRE STAHLGRUBER

Nick Zarcone, CEO of parent company LKQ Corporation, focused the executives’ attention on the fact that taking care of the employees will be as crucial as catering to the customers in the future: “We need to attract the best in class talent that embody our values. And we need to help our employees embrace the upcoming change while simultaneously keeping the customer the centre of attention”, he stated.

READ: ROBOTIC FUTURE OF STAHLGRUBER

In the UK, LKQ Europe is best known for Euro Car Parts and its body panels and paints business. On the continent the corporation also owns Sator Group, Rhiag Group, Elit, AutoKelly, and Stahlgruber, as well as a recycling specialist Atracco. It also holds a minority interest in publicly traded Mekonomen which is headquartered in Sweden.

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

BREAKING: LKQ CONFIRM SUKHPAL RESIGNATION

Tags: , , ,

BREAKING: LKQ CONFIRM SUKHPAL RESIGNATION


LKQ Corp, the owner of Euro Car Parts has confirmed that it has accepted the resignation of Executive Chairman Sukhpal Singh Ahluwalia.

The founder of ECP, known simply by his first name to all in the business, sold the company to the US-based parts giant in 2011, remaining as an Executive Director.

The conformation follows reports that Sukhpal, Martin Gray, Steve Horne and other senior management walked out of ECP last week over the subject of proposed cuts by LKQ.

READ: ANDY HAMILTON SUCCEEDS MARTIN GRAY AS EURO CAR PARTS’ CEO 

Sukhpal commented, “ECP has been my life’s work and there will always be a bit of the company in me. I have enjoyed my relationship with LKQ but the time has come for a change so I can devote my full abilities to building the property business with my sons. I am confident in the strategy LKQ has for its European segment and for the next level of growth and operational excellence at ECP.”

Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation, stated, “Sukhpal has been a key partner with LKQ over the past seven years as we have quadrupled the size of our business in the U.K., and he has served as a valued LKQ board member. While we will miss his insights, we respect his desire to spend all his time focused on the family property business and wish him nothing but the best in those endeavours.”

READ: BOARD WALKOUT AT EURO CAR PARTS

Sukhpal has resigned from the company he founded in 1979

This is not the first time that Sukhpal has left ECP while under LKQ ownership. However, he left in 2014 amid rumours that he had fallen out with the parent company and was planning to start a new factor chain to be called APX. These rumours took on substance when a recruitment advert appeared in CAT. Shortly after Sukhpal and several dozen other former Euro Car Parts’ employees agreed to return to ECP under new terms.

 

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

BREAKING: ANDY HAMILTON APPOINTED NEW CEO OF EURO CAR PARTS

Tags: , ,

BREAKING: ANDY HAMILTON APPOINTED NEW CEO OF EURO CAR PARTS


Andy Hamilton is new CEO of Euro Car Parts

BREAKING: The following statement has been released by Euro Car Parts:

“Euro Car Parts announced today that Andy Hamilton has been appointed CEO of the ECP Group, effective immediately, replacing Martin Gray who has decided to leave the company to pursue other interests. Hamilton joined Euro Car Parts in 2010 and held several different roles within the company, the last of which was Chief Operating Officer. 

READ: LKQ CONFIRM SUKHPAL’S RESIGNATION

“During that period ECP saw unprecedented growth as the branch network increased from 89 to over 220 locations. In 2016, Andy was asked to assume a position with LKQ Europe and most recently held the title Chief Commercial Officer, where he was responsible for several key pan-European projects related to digital strategy, revenue optimization, category and product management, data analytics, pricing and garage customer concepts. Prior to ECP, Andy held a variety of management roles for Halfords Group, the UK’s leading automotive and leisure retailer with over 500 locations. 

READ: BOARD WALKOUT AT EURO CAR PARTS

“Commenting on the changes John Quinn, CEO for LKQ’s European operations said “I am delighted to have someone with Andy’s customer focus and experience leading Euro Car Parts. With the completion of our new National Warehouse in Dublin to service the ROI and with our Tamworth distribution facility now fully operational, we are poised to continue our growth track.“ 

“2018 saw Euro Car Parts complete a number of important projects. After gaining clearance from the CMA they were able to integrate the Andrew Page logistics and purchasing functions. The company relocated out of several warehouses around the country into its Tamworth operations, including its highly automated T2 warehouse. It also completed a new distribution warehouse in Dublin to better service the ROI market. “With the efforts these projects required now behind us, we can return our energy to growing our business and providing the outstanding service and value to our customers that we have been long known for. It is an exciting time to be leading Euro Car Parts” said Hamilton, 

“I look forward to re-joining my colleagues as we take Euro Car Parts to the next level of operational excellence.”

As always, CAT will bring you the news as it breaks. 

 

Posted in Factor & Supplier News, Garage News, Latest News, News, special newsComments (11)

BREAKING: WALKOUT AT EURO CAR PARTS

Tags: , ,

BREAKING: WALKOUT AT EURO CAR PARTS


Sukhpal Singh Ahluwalia and Martin Gray have reportedly quit Euro Car Parts amid concerns that parent company LKQ is planning to axe hundreds of jobs. CFO Steve Horne has also reportedly left his post.

Sources close to CAT suggested that 400 jobs are to be axed. The news comes just days after LKQ announced the appointment of Ard Franz as COO of LKQ Europe.

In October we spoke to Mr. Ahluwalia and Mr. Gray about the future of the business, particularly now its main competitors are no longer local independent factor groups, but are other similar stock-market listed businesses with North American parent companies.

NASDAQ-listed LKQ’s share prices have dropped significantly compared with the previous period.

Gray, Ahluwalia and LKQ have been contacted for comment.

More on this breaking story as it develops

ECP’s 75th branch

 

 

Posted in Factor & Supplier News, Latest News, News, Retailer News, special newsComments (6)

SUKHPAL AND LKQ: ‘SIGNIFICANT INVESTMENT’ IN HGV FACTOR CHAIN

Tags: , , , , , , ,

SUKHPAL AND LKQ: ‘SIGNIFICANT INVESTMENT’ IN HGV FACTOR CHAIN


Truck part supplier Digraph Transport Supplies has been acquired in a joint deal between LKQ Corporation and Sukhpal Singh Ahluwalia. Terms of the deal have not been disclosed.

The move is significant as it marks the first time that both the founder of Euro Car Parts and the corporation that now own it have embarked on a deal as joint investors.

14-branch Digraph will retain all current employees and James Rawson will remain as MD. Rawson has also made an investment in the business.

CAT spoke briefly to Sukhpal to confirm the deal had taken place. He said that the ‘fragmented’ state of the HGV parts market lead it to being an area considered for expansion into for some time and that Digraph was the best fit in terms of matching ECPs ‘sales and customer service ethic’.

In a statement to his team, James Rawson said: “This investment will enable Digraph to access to the resources we need to grow the business and implement our expansion plans. We will work closely with ECP to enhance customer service levels. I am thrilled to be working with Sukhpal and taking up the challenge of extending the Digraph service to customers throughout the UK.”

In related news, Sukhpal has extended his three-year contract with ECP, retaining his position as Executive Chairman.

 

 

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

ARLEIGH INTERNATIONAL ACQUIRES A.S.A.P SUPPLIES

Tags: , , ,

ARLEIGH INTERNATIONAL ACQUIRES A.S.A.P SUPPLIES


Arleigh International Ltd, a Euro Car Parts company, announced today the acquisition of marine distribution specialist A.S.A.P. Supplies Ltd. Based in Suffolk, A.S.A.P. is one of the UK’s largest stockists of marine equipment and spare parts.

Established in 1989, A.S.A.P. provides a huge breadth of marine products for customers’ maintenance, repair and overhaul projects. A.S.A.P.’s offerings are supported by a highly-skilled customer service team that provide guidance across its vast product mix of more than 70 trusted brands.

Arleigh International was itself acquired by ECP in August last year along with the Nova Leisure and Midland Chandlers brands. The brands are among the largest in the touring and leisure boating sectors.

Martin Gray, CEO of Euro Car Parts, said: “A.S.A.P Supplies is a complementary fit with Arleigh and is a further enhancement of Euro Car Parts’ Specialist Products Division. This agreement further cements Arleigh as the market-leading distributor of products to the UK caravan, leisure and marine markets.

Posted in Blogs, Darren Moss' Blog, Factor & Supplier News, Latest News, NewsComments (0)

BREAKING: ECP PARENT ACQUIRES ANDREW PAGE

Tags: , , , ,

BREAKING: ECP PARENT ACQUIRES ANDREW PAGE


Following yesterday’s news that Andrew Page was on notice of intent to appoint administrators.

A statement from the company reads as follows:

 

Andrew Page today announces its sale to LKQ Corporation (LKQ) in a strategic acquisition by the US buyer. 

The purchaser, an S&P500 company listed on Nasdaq, is a leading motor parts distributor in the US and the owner of Euro Car Parts in the UK.

Leeds-based Andrew Page is a major distributor of quality auto parts, workshop equipment, tools and diagnostics, primarily to independent garages. Founded in 1917, the company has 109 sites and over 2,000 full time and part time staff. It had sales of £192m in the financial year ending September 2015. 

Jim Sumner, chairman of Andrew Page, said: “The strategic acquisition by LKQ recognises that Andrew Page is a strong business with a historic brand. 

“We are pleased at the completion of the sale, which brings the business and its employees into a global group with more than $6 billion in sales.

“The investment also highlights the continuing attractiveness of British businesses for foreign buyers.”

LKQ is buying substantially all of the assets and operations of Andrew Page, except for seven of the company’s 109 branches.

Mark Saunders, chief executive of Andrew Page, said: “This is a great deal for Andrew Page and its employees and puts us in a strong position for the future.

“We are looking forward to working with LKQ and Euro Car Parts at an exciting time for the motor parts sector, which is undergoing consolidation throughout Europe.”

Andrew Page made a number of significant investments in the last financial year, including £1m in a new state-of-the-art telephony system, continued upgrades to its van fleet and new infrastructure at its national distribution centre in Markham Vale. Andrew Page also acquired the Solid Auto brand and business in March 2016.

As part of the sale process, administrators from PwC were appointed to Andrew Page Limited, Solid Auto (UK) Limited and Colton Parts Company Limited on October 3 and immediately concluded a pre-packaged sale of the business and assets of each company to the purchaser.

 

We’ll bring you more news as it breaks.

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

Advertisement
  • ANDREW PAGE: End of an era for this once vast factor chain
  • BUSINESS INTERRUPTION: The rules and your rights
  • CONNECTED FUTURE: A new generation of diagnostics

more info

    • Should hand car washes face further regulation?

      View Results

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