MINNEAPOLIS and GERMANTOWN, Tenn. – Twinco Romax and DYK Automotive have announced a definitive merger agreement. The merger will create new national automotive aftermarket distribution and manufacturing company with a commitment to maintain a strong regional presence, the two companies say.
Twinco Romax is a vertically integrated distributor and manufacturer of automotive fluids and related aftermarket products sold to customers in the convenience store, automotive, mass market, farm store and other retail channels. DYK Automotive LLC is the holding company for AP Automotive (AP Auto) and Keltner Enterprises. DYK Automotive provides distribution of an array of national and company-owned brands of oils, chemicals and parts for the automotive and heavy-duty aftermarkets across a number of channels.
The various operating divisions that are part of the new organization will continue to serve their respective customers and channels with no significant changes. Don Youngblood, currently CEO of DYK Automotive, will become chairman of the company with a focus on strategic initiatives and opportunities for the company. Dan Ribnick, currently CEO of Twinco Romax, will become the CEO of the merged company and will be responsible for the combined entity’s operations.
The company says it will stock more than 400 brands across seven manufacturing and distribution facilities with almost 800,000 square feet of space. The distribution centers will service customers in 50 states as well a large international business.
In commenting on the merger, Youngblood said, “The combined entity will continue to operate the companies much as they are today. The addition of Twinco Romax’s manufacturing capabilities and the addition of significant product lines will greatly enhance our ability to provide greater value and broader choice to our customers.”
Ribnick noted that the national footprint gives the new company seven locations and the largest fleet of tractor-trailer delivery trucks in the business.
“The merger makes a lot of sense,” said Ribnick. “Both of these companies have experienced tremendous growth over the past few years. We expect continued growth by adding additional product lines, locations and channels over the coming years.”
