Pricedex Announces PPS Membership, Sponsorship
Pricedex Software has signed on to become a major sponsor and supporter of the Professional Pricing Society (PPS), of Atlanta, GA. Founded in 1984, the Professional Pricing Society serves thousands of members, representing all leading industries in more than 50 countries, acting as the voice of the pricing profession. The society’s mission is to nurture a growing community of professionals committed to disseminating pricing expertise throughout the business world.
Monday, August 20, 2007 AMN News
Monday, August 20, 2007 Hahn Automotive Warehouse to Acquire Prime Automotive Parts Co. Category: Distribution & Service News Hahn Automotive Warehouse, Inc., a Rochester, NY-based company, and Prime Automotive Parts Co., Inc., a Glendale, NY-based company, have announced that they have signed a definitive agreement for Hahn to acquire Prime. Both Hahn and Prime
CIC Database Task Force Meets with Information Providers
BEDFORD, TX — The Collision Industry Conference (CIC) Database Task Force and four major estimating system providers recently concluded a series of meetings in an effort to enhance the accuracy and functionality of the estimating systems used by the collision repair community to estimate the cost to fix today’s high-tech vehicles. The CIC Database Task
Automotive Engineers Wanted: There are Jobs, but Some Require Changing Industries
From Detroit Free Press Rial Hamann was laid off from his engineering job at General Dynamics Corp. in January. It was the third layoff since 2002 for the 63-year-old Macomb Township engineer. Hamann, who has worked in and out of the automotive industry, knows the drill. He hits the major online job boards. He sends
“Winning Customers Together:” ACDelco’s National Convention by the Numbers
ACDelco has reported that its recent 2006 National Convention in Las Vegas dealt was attended by more than 6,000 ACDelco customers – Warehouse Distributors (WDs), Total Service Support (TSS) accounts and Jobbers – as well as employees. With a theme of “Winning Customers Together," the 2006 ACDelco National Convention showcased the tools ACDelco provides to help build relationships and grow the business.
PERA Restructures Membership Criteria
In order to better adapt to a changing business environment, the Production Engine Remanufacturers Association (PERA) has restructured its membership criteria for 2007, making membership available to engine builders that are building 25 engines per month or averaging one per day.
Vange Proimos of AP Exhaust Elected Chairman of AASA
Vange Proimos, president of AP Exhaust in Goldsboro, NC, has been elected chairman of the Automotive Aftermarket Suppliers Association (AASA) Board of Governors. Proimos and his brothers founded the USA Muffler Shop chain in the 1970s. The business grew to more than 20 shops throughout northeast Indiana and included a distribution center to service the muffler shops. In 1994, he and his family started Catco Catalytic Converters, known today as one of the largest aftermarket converter manufacturers in the country. Catco specializes in universal, direct fit and OBDII technology converters. In 1998, Proimos acquired the AP Exhaust Aftermarket Division with manufacturing facilities in Goldsboro, NC. Manufacturing exhaust products for the past several years under the Goerlich’s, Merit, TruckEx and Xlerator brands, the company will begin to market their products as AP Exhaust in 2007.
Snap-on Announces 2006 First-quarter Results
Snap-on’s net earnings for the first quarter of 2006 increased 23.5 percent to $22.1 million from $17.9 million a year ago. Diluted earnings per share were 37 cents this year compared with 31 cents a year ago. Operating earnings increased 14.9 percent to $39.4 million from $34.3 million in the prior year. The operating margin on total revenues improved to 6.5 percent from 5.6 percent a year ago. Net sales were $593.5 million in the first quarter of 2006 compared to $598.7 million in the prior year. Sales increased by $9.8 million, or 1.6 percent, due to higher volume and pricing, which was more than offset by $15 million of currency translation.
Activant Sold to Two Private Equity Firms
Activant Solutions has signed a definitive agreement to be acquired by two private equity investment firms, Hellman & Friedman and Thoma Cressey Equity Partners. The firms will acquire Activant Solutions Holdings Inc. and all its subsidiaries from HM Capital Partners LLC. Terms of the deal were not disclosed. Activant declined to comment on the sale. Those involved in the deal are prohibited from commenting, according to the 8-K filing. However, one recent news report indicated that 100 percent of the company, as well as the management team, were included in the deal.
Butch Smith Joins Precision Automotive Industries, Inc.
Arthur “Butch” Smith has joined Precision Automotive Industries, Inc. as vice president sales and marketing. In this new role, Smith has global sales responsibility for Precision Automotive Industries’ product line. Precision Automotive Industries, Inc. is an ISO 9001 and QS 9000 certified global supplier of new condensers, evaporators, expansion valves, receiver driers/accumulators, refrigerant R12 and R134A, and new and quality remanufactured alternators, starters, a/c compressors and fork lifts.