Green Earth Technologies Forges $3 Million Partnership with Inventek; Two Companies to Make Auto Appearance Products - aftermarketNews

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Green Earth Technologies Forges $3 Million Partnership with Inventek; Two Companies to Make Auto Appearance Products

aftermarketNews Staff
By aftermarketNews Staff
Published:

STAMFORD, CT — Green Earth Technologies (GET), a manufacturer and marketer of environmentally friendly consumer products, has entered into a strategic relationship with Inventek Colloidal Cleaners, LLC, a Philadelphia-based developer of bio-based colloidal formularies and products, to manufacture automotive appearance products including carwash and windshield rain repellent.

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GET has been granted a perpetual royalty-free license and exclusive rights to global sales for eight products now and for additional products as mutually agreed upon and developed using Inventek’s proprietary technology. Inventek also will manufacture the active ingredients and has made an equity investment on extended payment terms in GET valued at $3 million.

For more information, visit: www.GETgreenearth.com.

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Automotive Aftermarket Manufacturing

PHINIA Reports Q1 2024 Results

U.S. GAAP net sales were $863 million, an increase of 3.4% compared with Q1 2023, according to PHINIA.

Emma Henderson
By Emma Henderson
Emma Henderson is the Managing Editor of aftermarketNews and Counterman. She joined Babcox after a career as a television reporter for stations across the Midwest. Contact her at [email protected]
Published:

PHINIA Inc. reported results for the first quarter ended March 31, 2024.

First Quarter Highlights:

U.S. GAAP net sales of $863 million, an increase of 3.4% compared with Q1 2023.

Excluding $17 million of contract manufacturing sales, sales were up slightly compared to Q1 2023. Favorable pricing and currency were partially offset by lower commercial vehicle sales in Europe.

Read Full Article

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