Qualitee International Acquired by AutoPartSource - aftermarketNews

Qualitee International Acquired by AutoPartSource

AutoPartSource, LLC has purchased certain assets of Qualitee International Limited Partnership of Bloomfield Hills, Mich. The two companies have entered into an agreement to sell, on a consignment basis, all of the inventory of Qualitee.

ISELIN, NJ — AutoPartSource, LLC has purchased certain assets of Qualitee International Limited Partnership of Bloomfield Hills, Mich. The two companies have entered into an agreement to sell, on a consignment basis, all of the inventory of Qualitee.

In a related transaction, New World Friction Corp., a wholly-owned subsidiary of Roscigno Industries, which is an affiliate of AutoPartSource, has acquired the manufacturing assets of Madeco, ULC d/b/a Novatek, a brake pad manufacturer located in Cambridge, Ontario, Canada. New World will manufacture brake pads for sale by AutoPartSource and others. New World has also agreed to a similar arrangement, to sell Novatek’s inventory on a consigned basis.

AutoPartSource and Roscigno are owned by a small group of private investors lead by Frank Pagano, CEO of Coni-Seal in Lakewood, NJ.

Pagano, commented: “With the support of Coni-Seal management, AutoPartSource will enhance its product offerings through world-wide sourcing capabilities. In addition, this transaction will allow us to broaden our customer horizons while continuing to provide outstanding customer satisfaction. With our experienced management and sales force, we are committed to becoming the best under-car parts supplier in the industry. We look forward to a prosperous future as well as deepening our relationships with our valued customers.”

The acquisition will allow AutoPartSource to become a leading undercar parts supplier, said the company. AutoPartSource will focus on the sale, promotion and distribution of high quality VGX brake pads, brake shoes, brake drums and rotors, clutches, hydraulics and related products. AutoPartSource will sell and market the Qualitee brand name products, as well as private branded product.

_______________________________________

Click here to view the rest of today’s headlines.

You May Also Like

Dana Participating in Easter Jeep Safari

The event will take place in Moab, Utah, March 23-31.

Dana to Participate in Easter Jeep Safari 2024

Dana Incorporated will participate in Easter Jeep Safari 2024, held March 23-31 in Moab, Utah. Dana products will be on site and available for demonstrations.

“At Dana, we are committed to rigorously testing and validating our products in the most challenging conditions to guarantee superior quality, durability, and performance,” said Bill Nunnery, senior director, sales and marketing, global aftermarket for Dana. “Easter Jeep Safari features rugged trails that offer us an ideal terrain for product trials. The event also gives us the opportunity to engage with Jeep enthusiasts and understand how we can enhance their off-road experiences through vehicle customizations.”

ZF Aftermarket Releases 80 New Parts

The latest additions expand coverage to more than 5 million vehicles in operation.

ZF Aftermarket Releases 80 New Parts
Schaeffler Highlights ESG Progress in 2023 Sustainability Report

Schaeffler is currently focusing on seven key ESG goals in the implementation of its sustainability strategy.

Schaeffler 2023 Sustainability Report
CMA, DoubleCoin to Showcase Long-Haul Steer Tires at MATS

Company reps will be on-site to answer questions, schedule meetings and coordinate a raffle of outdoor sporting equipment in booth #11140.

tire-distribution-outlook-tire-rack
GB Reman to Host Jackpot Giveaway Winner at Long Beach Grand Prix

Jon Hetzel, owner of Hesski ServiCenter in Levittown, Pennsylvania, will join GB Reman in the company’s hometown next month

GB Reman to Host Jackpot Giveaway Winner at Grand Prix of Long Beach

Other Posts

Bendix Surpasses Worker Safety Goals

Bendix says its Total Case Improvement Rate improved since 2022.

Bendix Announces Worker Safety Statistics
New Rislone ‘DEF Crystal Clean’ Clears P20EE Codes

The product scrubs away crystal contaminants from the selective catalytic reduction systems of diesel cars, trucks and SUVs.

New Rislone DEF Crystal Clean Diesel DEF & SCR Emissions System Cleaner Announced
SMP Announces New Oil Filter Housing Kits

The kits feature multiple design improvements to prevent leaks, according to SMP.

SMP Announces New Oil Filter Housing Kits
NTK Technologies Announces Merger into Niterra North America

The merger will take effect on April 1, and NTK Technologies will begin operating under Niterra North America Inc.

Niterra Merger