Keystone Automotive Acquires Chambers Parts Distributors
Keystone Automotive Industries has acquired Chambers Parts Distributors, headquartered in Manchester, Me. In addition to Manchester, Chambers operates out of facilities in Bangor and Portland, Me. The company recorded sales of approximately $5 million in 2003. Terms of the transaction were not disclosed.
Keystone Automotive Industries Reports Fiscal 2005 First Quarter Results
Keystone Automotive Industries has reported results for its fiscal 2005 first quarter, which ended on July 2 — a fourteen-week period, compared with a thirteen-week period a year earlier. The company said net sales for the first quarter increased 19.5 percent to a record $141.1 million from $118.1 million a year earlier. Net income for the quarter was $4.1 million, or 26 cents per diluted share, compared with $4.2 million, or 28 cents per diluted share, for the quarter a year ago.
Two Keystone Automotive Industries Board Members Retire
Keystone Automotive Industries announced that board members Al Ronco and Ron Brown have informed the company of their decision not to stand for re-election at Keystone’s annual meeting to be held this month. The company said it has nominated James Robert Gerrity and newly appointed CEO Richard Keister to fill two of three board vacancies.
Keystone Automotive Industries Reports Fourth Quarter, Year-End Results
Keystone Automotive Industries has reported results for its fourth quarter and fiscal year, which ended on March 26. The company said it surpassed the $500 million sales milestone for the year. Keystone distributes products primarily to collision repair shops through 125 distribution facilities, located in 38 states and Canada. The company’s product lines consist of automotive body parts, bumpers and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle.
Richard Keister Leaves Delco Remy to Join Keystone Automotive
Richard Keister, president of Delco Remy International’s (DRI) Aftermarket Group, has announced he will resign on May 31 to join Keystone Automotive Industries, a supplier to the collision repair industry, as CEO. Keister will replace Charles Hogarty, who plans to retire on August 31. Hogarty will remain with the company as a consultant for a two-year period.
Fusor Named Preferred Supplier by Keystone Automotive
Keystone Automotive has named Lord Corporation’s Fusor Automotive Repair Adhesives a preferred supplier. Fusor Automotive is a provider of metal and composite bonding solutions for automotive body repair. Lord Corp. provides its full product-line of Fusor Automotive Repair Adhesives to Keystone Automotive Industries, specifically their adhesives for metal bonding, plastic repair and bumper repair; as well as their seam sealers and foams. According to the Keystone supplier performance summary, Lord earned 100 points on a rating scale with a total possible 100 points. Program criteria included quality, order fill rate and order lead-time.
Keystone Automotive Acquires Toronto-Based Quinte Bumper & Fender
Keystone Automotive Industries has acquired Quinte Bumper & Fender, a privately held company based in Ontario, Canada, that distributes automobile collision replacement parts. Quinte recorded sales of approximately $6.5 million during its most recent fiscal year. Terms of the transaction were not disclosed. The acquisition is a continuation of Keystone’s strategy to expand throughout Canada, according to Charles Hogarty, president and CEO of Keystone.
Keystone Joins Automotive Service Association of North Carolina
POMONA, CA – Keystone Automotive Industries announced this week its support of the Automotive Service Association of North Carolina (ASANC). As a bronze level associate member, Keystone will join the North Carolina affiliate of the international ASA organization in its commitment to auto service providers. “The ASANC supports its members through news, information and support,”
Keystone BIG Show Dates and Location Announced
The show will be held February 23-24, 2024, at the Gaylord Palms Resort & Convention Center in Kissimmee, Florida.
Vance & Hines Signs Distribution Agreement with Keystone
Agreement signed with Keystone Automotive Operations with plans to begin shipping exhaust systems later this month.
