POMONA, CA — Keystone Automotive Industries has acquired Quinte Bumper & Fender, a privately held company based in Ontario, Canada, that distributes automobile collision replacement parts. Quinte recorded sales of approximately $6.5 million during its most recent fiscal year. Terms of the transaction were not disclosed.
The acquisition is a continuation of Keystone’s strategy to expand throughout Canada, according to Charles Hogarty, president and CEO of Keystone. “Quinte has a very good business model, an excellent distribution system that complements our existing Canadian facilities and a strong management team,” he said.
Hogarty noted that the Canadian aftermarket offers Keystone good growth potential by opening a large market not previously serviced by Keystone. He emphasized Keystone’s Platinum Plus private label product line, its quality assurance programs and increasing acceptance of Keystone’s products by the insurance industry, body shops and consumers as important strategic factors that support the company’s expansion plans for the Canadian market.