CARDONE Industries Inc. Announces Planned Acquisition by TPG Capital
Following the transaction, TPG will become the controlling shareholder and will work with the Cardone Family and executive team to continue the company’s growth. The transaction is expected to close at the end of 2011.
Aisin World Corp. of America to Transfer Aftermarket Brake Product Sales to Advics Group
New arrangement will enable company to expand product base in North America.
Shurhold Industries Adds New California-Based Distributor
Pro-Motion Distributing is the newest outlet for the company’s automotive chemicals and hand-held tools.
Michael Cardone III Promoted to President of CARDONE Industries
Michael Cardone III (pictured) is the third generation of the Cardone family to serve as president of the company. His new appointment became effective on Jan. 3. Michael Cardone Jr. continues to serve as chairman and CEO of CARDONE Industries. Dave Wohleen joins executive leadership team as chief operating officer.
Transtar Industries Sold to Private Equity Firm
Transtar, headquartered in Cleveland, Ohio, is an integrated distributor of world-class driveline solutions, including complete transmission units, automatic and standard transmission rebuilder kits, hard and soft parts, electrical components, torque converters, transfer cases, and high-performance engine parts, and a growing supplier of autobody refinishing solutions to the automotive repair industry.
Aftermarket Auto Parts Alliance Hosts Annual Shareholder Meeting
The annual meeting, held at the Boca Raton Resort & Club, is one of two general membership meetings held each year bringing together members from Canada, Europe, Mexico and the United States. More than 500 participants representing 52 shareholders and 120 vendor partners reviewed past and current business performance and upcoming opportunities.
Transtar Industries Names Lori Washington as Director of Emerging Technologies
Washington has held positions with International Truck and Engine Corp. (Navistar) and General Motors. Her career has included a variety of product development and engineering roles, such as designing release engineer and controls development engineer. She also served as adjunct faculty at the ITT Technical Institute while at International Truck and Engine Corp.
CRC Industries Announces Winner of ‘Get Rollin’ to Vegas’ Video Contest
Florida resident Mike Guido and his wife of 23 years, Rhonnie, collaborated on the video that earned them the grand prize: $2,500 and a trip for two to Vegas to attend the automotive industry’s premier events: the AAPEX and SEMA Shows. Guido says AAPEX and SEMA are “the Holy Grail to a car guy like me.”
House Committee on Small Business Holds Hearing on Impact of Intellectual Property
Hearing addresses safety and economic implications of counterfeit auto parts.
APRA’s Eastern European 2010 Exhibition is Almost Sold Out
The event will be held at the Corinthia Hotel Budapest and will be followed by APRA’s European Symposium on April 27.