Top 5 Stories Of The Week

Top 5 Stories Of The Week

A recap of the top five stories on aftermarketNews during the week of June 1.

The Aftermarket Auto Parts Alliance Inc. has announced Uni-Select Canada Inc., a wholly-owned subsidiary of Uni-Select Inc., as its newest shareholder owner. Uni-Select is a publicly traded company headquartered in Boucherville, Quebec. As a fully-participatory member, Uni-Select will utilize Alliance technology platforms, North American sweepstakes, the Certified Service Center program, and more. 

Read more here.

For the first time in its history, the Aftermarket Auto Parts Alliance Inc. hosted its Summer Shareholder Meeting online. The three-day meeting kicked-off on Monday, June 1, from Alliance headquarters in San Antonio, broadcasting to a record-high number of attendees. 

Read more here.

U.S. Auto Parts Network recently announced it would open a new 210,000-square-foot distribution center in Grand Prairie, Texas. The distribution center, slated to begin operations in late 2020, will create a minimum of 150 new jobs and $10 million in economic impact in its first 18 months alone. When operational, the facility will deliver new parts to customers across the South and Southwest servicing all of the brands U.S. Auto Parts Network has to offer, including CarParts.com and JC Whitney.

Read more here.

SRS Marketing Co. and colleagues of Jim Shapiro, 65, are mourning his loss. Shapiro, president of SRS Marketing Co., passed away in his home early Friday morning, May 29, surrounded by his family. Jim joined his father, Malcom Shapiro, as a manufacturers’ representative at Shapiro and Boehm at the age of 22 and took the company over when Malcom passed. SRS Marketing was established in 1996 when Shapiro and Boehm merged with Robert Riefberg Sales, where Jim served as president alongside his partners Robert Riefberg and Bob Slemmer until his passing. 

Read more here.

APC Automotive Technologies, LLC, together with certain of its subsidiaries, recently announced that it has entered into a comprehensive Restructuring Support Agreement (RSA) with key stakeholders, including its asset-based lenders, 74% of its term loan lenders that are eligible to vote, and significant financial sponsors (RSA Parties).

Read more here.

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FullSpeed Automotive has announced the appointment of Stacey Pool as the new Chief Marketing Officer, effective May 28, 2024. She will report directly to Chief Executive Officer, Rob Lynch, and serve on the FullSpeed Automotive executive leadership team.

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One winner and a guest will “Do the Double” by attending the Indianapolis 500, before traveling to Charlotte for NASCAR’s 600-mile race.

PACCAR Elects New Board Directors

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Dana Releases Rear Semi-Float Axles for Jeeps 

The axles provide Jeep owners with a direct-fit, bolt-in upgrade solution that is built for superior strength inside and out, the company said.

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Dayco Announces Leadership Hires, Headquarters’ Relocation

Dayco said these developments strengthen its focus on innovation and growth.

Dayco has announced the appointment of several strategic leadership positions,  as well as the relocation of the company’s headquarters to Birmingham, MI.

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Cummins Names VP, Cummins Emissions Solutions

Alison Trueblood was promoted to the role, effective May 1.

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Fix Network World Celebrates Apprenticeship Program Approval

The program is also celebrating the graduation of its first apprentice, Gabrial Duran.

SMP Announces Q1 2024 Results

Net sales for the first quarter of 2024 were $331.4 million, compared to consolidated net sales of $328.0 million during the comparable quarter in 2023.

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GPC Acquires Largest NAPA Independent Store Owner in the US

Genuine Parts Company said the acquisition advances its strategic initiative to own more stores in priority markets.

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