Lord Corp. Takes Automotive Body Repair Product Line to Latin America
Lord Corp., maker of Fusor Automotive Repair Adhesives metal and composite bonding solution for automotive body repair, is launching its training curriculum and product line in Latin America through its Latin American counterpart, Lord de Mexico.
Collision Industry Raises $1,500 for Washington, D.C., Children
The National Auto Body Council (NABC) recently donated $1,500 to the National Children’s Medical Hospital during a meeting held in Washington, D.C.
LKQ Corporation Acquires Albert Lea Auto Salvage, Inc.
LKQ Corp. has acquired Albert Lea Auto Salvage, Inc., a privately held company that operates a recycled OEM automotive replacement parts facility. Terms of the transaction were not disclosed. Located south of Minneapolis in Albert Lea, Minn., Albert Lea Auto Salvage will service the greater Minneapolis and St. Paul area, and provide a strategic link within LKQ’s network of facilities.
Earl Scheib Sold to Elden Holding Group
Automotive paint shop chain Earl Scheib Inc. has been sold to Elden Holding Group LLC for $17 million in cash. Elden Holding Group is a California-based real estate investment firm.
Duraline Pres-On Abrasives and Future Abrasives Co. form Global Abrasive Products, Inc.
Duraline Pres-On Abrasives Inc., LLC and Future Abrasives Co. recently merged to form Global Abrasive Products Inc. (GAP), a service-driven abrasive supply and manufacturing company. This merger makes Global Abrasive Products Inc. one of the largest abrasive convertors in the U.S.
PPG Introduces New Line of Custom Finishes
PPG Automotive Refinish recently launched a new brand for its line of custom finishes. The new Vibrance Collection will showcase what the company described as “hot colors, unique pigments and special-effect finishes,” as well as a line of special primers, clears and detailing products. PPG is also finalizing a new co-branding partnership with Hot Wheels, a Mattel, Inc. brand, to collaborate on the production of 12 anodized-looking Hot Wheels SPECTRAFLAME colors in the Vibrance Collection for use in automotive refinishing.
PPG Succeeds in Federal Court Against Refinish Components
PPG Automotive Refinish has won a major battle in the fight against illegally imported paint products. On February 18, the U.S. Federal District Court in Atlanta found John Malyon and Original Direct, both of Conyers, Ga., to be in contempt of court for violating a previous order enjoining them from selling illegally imported PPG paint and circumventing PPG’s authorized distribution network.
AADCO Named a Preferred Supplier for Collision Care Canada
AADCO Automotive Inc., a leading supplier of Like, Kind and Quality (LKQ) used auto parts, has signed an agreement to provide LKQ and aftermarket parts to Collision Care Canada Inc. (CCC) facilities. AADCO Automotive Inc., a leading supplier of Like, Kind and Quality (LKQ) used auto parts, has signed an agreement to provide LKQ and aftermarket parts to Collision Care Canada Inc. (CCC) facilities.
Transtar Autobody Technologies Selects BJM Associates for Advertising and Marketing
Transtar Autobody Technologies has named BJM Associates as its new advertising and marketing agency. Transtar Autobody Technologies develops and markets automotive refinish products, including VOC compliant clearcoat and primers, adhesives, sealers, coatings, plastic repair, compounds, glazes and waxes for the collision repair industry.
ASA, ASC-MI Testify at Michigan Senate Insurance Committee Hearing on Insurer-Owned Repair
The Automotive Service Association (ASA) and the Automotive Service Councils of Michigan (ASC-MI) testified recently before the Michigan Senate Banking and Financial Institutions Committee on Senate Bill 819, Insurer Owned Repair legislation. Repair facility owners from throughout Michigan packed a Senate hearing room to show support for the legislation, according to ASA. The legislation prohibits insurance companies from owning or acquiring a repair facility in the state of Michigan. If the legislation is passed, any insurer that has ownership of a repair facility must divest itself of that facility within two years of the effective date of the legislation. S. 819 was introduced by Sen. Laura Toy, R-Livonia. The bill has 16 co-sponsors.
Crump to Chair NACE 2004 in Las Vegas
The International Autobody Congress & Exposition (NACE) has re-appointed Vernon Crump, body shop director for John Eagle Collision Center in Dallas, Texas, as chairman for NACE 2004, which will be held Nov. 3-6, in Las Vegas, to coincide with Automotive Aftermarket Industry Week (AAIW). Crump was NACE 2003 chairman and received accolades for his leadership and experience, and for the innovative programs he introduced at NACE to spotlight new technologies and to strengthen industry and global relationships.
LKQ Enters Aftermarket Through GTA Acquisition
LKQ Corp., a nationwide provider of recycled OEM automotive replacement parts, has acquired Global Trade Alliance (GTA), one of the largest suppliers of aftermarket collision automotive replacement parts in the Midwest. GTA operates primarily as Action Crash Parts and Midwest Fender. LKQ paid $30 million for the acquisition, $1.5 million of which was in LKQ common stock and the balance of which was in cash and assumed debt.