ATP - Inc. Acquired By The Lodi Group

ATP – Inc. Acquired By The Lodi Group

The assets of ATP - Inc. have been acquired by The Lodi Group of Monterrey, Mexico. Under new ownership, the company begins operation as Automotive Technology Products LLC, effective immediately with no disruption in business.

The assets of ATP – Inc. have been acquired by The Lodi Group of Monterrey, Mexico. Under new ownership, the company begins operation as Automotive Technology Products LLC (ATP), effective today with no disruption in business.

The company says its first priority is to restore order fill to its extensive customer base and continue a long tradition of supplying the highest-quality with excellent customer service, near term.

“As an OE manufacturer of flywheels, flexplates, ring gears and other related powertrain products, The Lodi Group is proud to add Automotive Technology Products to our family of companies serving the automotive aftermarket in North America and the rest of the world. With manufacturing capacity in place and redeployment of existing inventories, personnel and equipment, we plan to return service levels to normal and business as usual in a very short time,” said Jorge Frias, president of Automotive Technology Products LLC.

Automotive Technologies Products LLC is an aftermarket supplier of transmission parts, kits chemicals and filters as well as flywheels, flexplates and cables. In addition, its Graywerks line of hard parts complete its broad product offering. The Lodi Group owns manufacturing facilities in North America as well as automotive aftermarket supply companies specializing in powertrain and power transmission components.  

You May Also Like

Standard Motor Products Releases Q4, 2023 Year-End Results

Eric Sills, chairman and CEO, said the company is looking to continue to find ways to better service customers and explore opportunities to partner for growth in 2024.

Financial-results

Standard Motor Products, Inc. released its consolidated financial results for the fourth quarter and full year ending December 31, 2023. The company reported fourth-quarter net sales of $290.8 million, compared to $308.2 million in the same period in 2022. Earnings from continuing operations for the quarter were $7.2 million or $0.32 per diluted share, down from $8.5 million or $0.39 per diluted share in Q4 2022. Excluding non-operational gains and losses, earnings were $8.2 million or $0.37 per diluted share, compared to $15.1 million or $0.69 per diluted share in the previous year.

Phinia Reports Q4 Results & 2024 Outlook

Phinia reported that it expects strong earnings and cash generation in 2024, driven by operational efficiencies, and growth in aftermarket sales.

financial results
GPC Delivers on 2023 Financial Goals

GPC reported mid-single-digit total sales growth and its third consecutive year of double-digit earnings growth.

MPA Reports Strong Financial Results for Fiscal Q3 2024

MPA’s Q3 results showed increases in net sales, operating income and cash flow from operating activities.

O’Reilly Reports Q4, Full-Year 2023 Financial Results

The company said it anticipates continued growth in 2024, with projections including 190 to 200 net new store openings.

financial results

Other Posts

Valvoline, Inc. Reports Q1 Growth

Valvoline saw an increase in system-wide stores to 1,890, including 895 company-operated stores and 995 franchised stores in Q1.

Valvoline Instant Oil Change building
Eaton Reports Record Q4 2023 Results

Fourth-quarter sales reached $6 billion, an 11% increase from the previous year, driven by organic growth and a slight boost from foreign exchange.

PACCAR Achieves Record Annual Revenues, Net Income

PACCAR Parts reported a record annual pre-tax income of $1.7 billion and revenues of $6.41 billion.

Financial-results
Continental Unveils Strategy for Enhanced Value Creation

Continental is focusing on business areas with high growth potential, including making its UX business organizationally independent.

Conti-HQ