Established in 1971, J.K. Distributors Inc. is involved in the wholesale distribution of automotive replacement parts, maintenance items and accessories. The company's team of 150 employees serves a clientele of service centers and fleet accounts from its warehouse and nine corporate stores located in Virginia.
Net income for the quarter increased $16.6 million, or 9.4 percent, over the same period last year to $192.8 million, while diluted earnings per share increased 17.8 percent to $5.63 per share from $4.78 per share in the year-ago quarter.
With this new tool, Network WebShop leverages the Vehicle Identification Number (VIN) related to the license plate to find the vehicle's correct year, make, model and engine, said Tom Frey, the Network's vice president of IT.
In 2013, sales amounted to $1.8 billion, down 0.5 percent, while organic sales grew 1.9 percent.
The catalog is located in WIP, ACDelco's online parts catalog and ordering web application.
MIM allows tire dealers to quickly take physical inventory, process inventory receipts and transfers, all in real-time, according to ASA.
CAWA is a regional automotive aftermarket trade association, which represents auto parts jobbers, warehouse distributors, retailers, manufacturers and manufacturer representatives in California, Nevada and Arizona.
The acquisition is expected to close in late March or early April.
Based out of its main facility in Fargo and another distribution center in Grand Forks, N.D., UESCO says it will be able to add product lines and offer more aggressive pricing as a Parts Plus warehouse distributor to better serve its customer base.
Tom Gallagher, chairman and CEO, announced today that sales in 2013 were $14.1 billion, up 8 percent compared to 2012.
