AAIA Releases Digital Aftermarket Factbook 2013, Digital Aftermarket Factbook & Lang Annual 2013
This year’s market intelligence resources feature new and enhanced content, according to the association.
Dennis Welvaert and Mitch Williams Join Schwartz Advisors Team
Schwartz Advisors adds experienced industry executives to its automotive aftermarket M&A advisory and consulting firm.
Linda Beckmeyer Joins Bosch as Manager, Media and Public Relations for Bosch’s Automotive Business
Prior to joining Bosch, Beckmeyer was founder and president of Momentum Communication LLC, an independent public relations agency. Before starting her own business, she worked for a number of years in the automotive industry.
Marx Group Advisors Opens Houston Office
The new office will help support Marx Group Advisors’ consulting efforts in mergers and acquisitions for the automotive and commercial vehicle aftermarket.
‘Go Shop’ Period Ends for Pep Boys Acquisition
Pep Boys did not receive any alternative acquisition proposals from third parties during the “go-shop” period. As a result, the proposed merger is expected to be complete during the second fiscal quarter of 2012.
Union Think Tank Issues Three Reports Supporting Claim that China Subsidizes Auto Parts Exports
In a press release issued Jan. 31, AAM stated that more than 400,000 jobs in the U.S. auto supply chain have been lost since 2000 and another 1.6 million U.S. jobs are at risk unless China’s illegal trading practices are curtailed.
Pep Boys Enters Into Definitive Agreement to be Acquired by The Gores Group
Pep Boys shareholders to receive $15 per share in cash.
FleetPride Announces Two Senior Level Promotions
Mike Paxton moves from vice president of business development and strategic planning to vice president of mergers and acquisitions. Peter Pasdach moves from vice president of the Midwest region to vice president of business development.
AP Exhaust Technologies Acquires the Assets of ANSA Automotive Parts Distributors
Sale finalized on Dec. 23, 2011, includes all ANSA assets, which have been relocated to AP Exhaust’s headquarters in Goldsboro, N.C.
Visteon Appoints New CFO
Martin Welch will replace William Quigley III, who is leaving Visteon on Oct. 31.