CRP Selects New Sales Rep Agency for New England States
Auto part supplier CRP Industries Inc. has selected John Hetzler & Associates for sales representation in the New England states. CRP is a longtime partner with Continental AG as an importer of ContiTech branded belts in North America. John Hetzler & Associates is a premier sales agency servicing Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island and Vermont.
Twenty-Seven New Products Receive AAPEX Awards
Twenty-seven companies that participated in this year’s Automotive Aftermarket Products Expo (AAPEX) New Products Showcase received awards for their innovative new products that enhance the driving experience. Awards were announced on Nov. 1, opening day of AAPEX in Las Vegas.
CRP 2006 Belt Application Catalog Unveiled At AAPEX
CRP Industries, an exclusive distributor of ContiTech branded belts in North America, announced at AAPEX this week that its 2006 domestic and import catalogs are ready for distribution. Founded in 1954 as the North American partner of Continental AG, CRP ships products from distribution centers in New Jersey, California, Canada, and Mexico. The company’s extensive product lines span three market segments: automotive replacement parts, high-speed motors and industrial hoses.
Continental AG Plans Control Agreement with Phoenix
Continental AG said it wants to merge Phoenix AG without delay with its ContiTech Holding GmbH, which makes rubber-based automotive parts and components, and conclude a control and profit and loss absorption agreement between them.
Continental to Acquire Phoenix AG
Continental AG has said it intends to acquire Phoenix AG of Hamburg, Germany. Continental will launch a public tender offer of EUR 15 per share (approximately $18 per share) for all outstanding shares of Phoenix AG. Officials at Continental AG said the company views the proposed takeover as a significant step in its strategy of further developing its ContiTech division, a leading global supplier of technical elastomers.