Uni-Select Reports ‘Solid’ Quarter And Year
BOUCHERVILLE, Quebec – Uni-Select Inc. has announced solid EBITDA, EBITDA margin and net earnings growth for the fourth quarter and the fiscal year ended Dec. 31, 2014. Overall sales grew by 0.4 percent or 1.3 percent organically for the quarter. EBITDA grew by 37.6 percent, while net earnings increased by 11.4 percent in the fourth
Advance Auto Parts Reports Fourth Quarter Fiscal 2014 Results
ROANOKE, Va. – Advance Auto Parts has announced its financial results for the fourth quarter ended Jan. 3, 2015. Fourth quarter comparable cash earnings per diluted share (Comparable Cash EPS) were $1.37, an increase of 46 percent versus the fourth quarter last year. These fourth-quarter comparable results exclude 8 cents of amortization of acquired intangible
Matt Tifft To Drive Federated Truck In NASCAR Season Opener
STAUNTON, Va. – Federated Auto Parts will sponsor Matt Tifft when he competes in the NASCAR Camping World Truck Series season opener on Feb. 20 at Daytona International Speedway. “When the chance to sponsor Matt at Daytona came our way, we jumped at the opportunity,” said J.R., Bishop, director of motorsports and event marketing for
MEMA Warns Members About Possible West Coast Port Shutdown
WASHINGTON, D.C. – The legislative office of the Motor & Equipment Manufacturers Association (MEMA) issued a notice to members that a protracted labor dispute between the Longshoremen’s Union and the Pacific Maritime Association has resulted in delays and backlogs of cargo being loaded and offloaded from ships using the ports. The economic impact of this
Update: Uni-Select Enters Into Agreement To Sell US Automotive Parts Distribution Activities
Carl Icahn, chairman of Icahn Enterprises, stated that the auto parts distribution business acquired from Uni-Select USA will be operated independently from Federal-Mogul Holdings Corp., a subsidiary of Icahn Enterprises.
Uni-Select Enters Into Agreement to Sell US Automotive Parts Distribution Activities for US$340 Million
Uni-Select Inc., a major automotive aftermarket parts and paint products distributor with activities across North America, today announced that it has entered into an agreement for the sale of substantially all of the assets of Uni-Select USA, Inc. and Beck/Arnley Worldparts, Inc. to an affiliate of Icahn Enterprises L.P. at a purchase price of approximately $340 million, subject to adjustments based on the net tangible book value of assets sold at closing.
Uni-Select Opens Another New Distribution Center In The U.S.
BOUCHERVILLE, Quebec – Uni-Select Inc. has opened a new Regional Distribution Center (RDC) in Avon, Mass. The new 104,000-square-foot state-of-the-art facility, with its new ERP software, is designed to optimize efficiency and provide greater product range and availability for customers in New England and Eastern New York. Customers in the region will have access to
NASCAR Driver Justin Allgaier Joins Federated Auto Parts Racing Team
STAUNTON, Va. – NASCAR Sprint Cup driver Justin Allgaier will join the Federated Auto Parts racing team for the 2015 season, according to J.R. Bishop, director of motorsports and event marketing for Federated. “We are thrilled to have Justin be a part of our Federated motorsports program this year,” said Bishop. “Justin is one of
ACDelco Continues Consumer Spark Plug Rebates
GRAND BLANC, Mich. – ACDelco is continuing its popular spark plug rebate program through Dec. 31, 2015, giving consumers an additional opportunity to save money on high-quality select ACDelco spark plugs. Consumers who purchase a minimum of four/maximum of 16 ACDelco spark plugs (per household) at retail stores or through professional installers are eligible for
Network Continues To Expand Parts Plus Brand With Signing Of New York-Based Any-Part Auto Stores
GERMANTOWN, Tenn. – Days after announcing the signing of California-based Allied Auto Stores, the Automotive Distribution Network has reached an agreement with Any-Part Auto Stores on Long Island to become a Parts Plus member, according to Mike Lambert, president of the Network. “These recent signings reflect the Network’s commitment to maintaining the Parts Plus brand
XPEL Acquires Parasol Canada
SAN ANTONIO – XPEL Technologies Corp., a global supplier of automotive paint and headlamp protection films, has acquired Parasol Canada, a distributor of paint protection and window tint products for the Canadian market. Parasol, founded in 2009, is headquartered in Terrebonne, a suburb of Montreal, with a distribution office in Calgary. Parasol has hundreds of
Spectro Oils Extends Its Global Distribution Network
BROOKFIELD, Conn. – Spectro Oils of America has expanded its global distribution network with the addition of its newest distributor: Cuesta Del Agua Chirrip S.A. The company is a leading regional importer, distributor and wholesaler of motorcycle spare parts and accessories covering the markets of Costa Rica, Nicaragua and the rest of the Central American