Wulf Gaertner sells IMC to boost Meyle’s US market share

by

Meyle-company-imageGerman aftermarket supplier Wulf Gaertner AG, parent company of Meyle, has announced it has parted ways with its American subsidiary IMC.

The US based IMC has been acquired by US aftermarket heavyweight Autozone Inc, in a deal that has been undisclosed, with Wulf Gaertner AG claiming this decision is seen as the next logical step for the company.

The sale sees Autozone Inc take control of IMC’s headquarters in Los Angeles and 17 other offices across the USA, and this has now allowed Wulf Gaertner to increase its influence by focusing solely on supplying Meyle parts directly to the US market.

Wulf Gaertner himself set up IMC, as a classic exporter with exclusive contracts for the aftermarket, and his American subsidiary was tasked with supplying brand names, mainly for European marques, to garages.

Since then the group has established itself as a manufacturer, coined with the phrase ‘the ones with the better parts’, so the deal is expected to bring large market share increases for both Meyle and Meyle-HD brands.

Autozone a heavyweight in the Central American aftermarket, has already posted sales results totalling $9.5 billion USD for 2014, and it has more than 5000 locations across the USA and Mexico.

IAAF’s BLEASDALE WARNS INDUSTRY OVER BLOCK EXEMPTION REVIEW

Board member warns against complacency, calling the legislation ‘central to ensuring a level playing field in the automotive aftermarket’

Read More

BLOCK EXEMPTION PUBLIC CONSULTATION NOW OPEN

Crucial legislation is up for renewal, Trade bodies are preparing responses.

Read More

MERCEDES REACHES OBD AGREEMENT WITH SCAN TOOL MAKER

Techs will now have to buy security access to change or delete certain OBD data

Read More

PEARL AUTOMOTIVE STRIKES SUPPLY DEAL WITH TRICO

Car accessory distributor has signed a deal to distribute wiper products

Read More

SWITCH TO EV ‘DRIVEN BY POLITICAL OBJECTIVES’ – MAHLE BOSS

Company to spend R&D budget on various drivetrains, not just EV

Read More

Go to comments

Your email address will not be published. Required fields are marked *