Clearlake Capital-Backed Wheel Pros Acquires Gorilla Automotive Products
Wheel Pros has expanded its product portfolio with the addition of a leading brand in aftermarket lug nuts and wheel locks.
Bridgestone HosePower Acquires New Jersey-Based Industrial Rubber Co.
Bridgestone will broaden its footprint to become one of the largest networks specializing in hose sales and service in the U.S.
LKQ Corp. Finalizes Acquisition Of Stahlbruber GmbH
“Combining the leading player in Germany with LKQ is a huge step toward our goal of creating a Pan-European auto parts distributor,” said John Quinn, CEO and managing director of LKQ Europe.
AASA Annual Report: Race To Acquire New Technology Fuels Rising M&A Transactions
This annual report from the Automotive Aftermarket Suppliers Association and Jefferies LLC shows record M&A transactions, driven by new technology acquisitions.
Monro Inc. Acquires Free Service Tire
The acquisition expands Monro’s presence in Tennessee, North Carolina and Virginia, adding $47 million in annualized sales.
Tenneco Announces Results Of 2018 Annual Stockholders’ Meeting
The company also provided an update on its acquisition of Federal-Mogul.
Staples Takes A Run At GPC’s Essendant Merger
Genuine Parts Co. issued comments on its definitive merger agreement with Essendant following Staples’ conditional, non-binding proposal to acquire Essendant.
Hankook Tire Acquires High-Tech Digital Prototype Company Called ‘Model Solution’
The acquisition is in line with Hankook Tire’s plans to strengthen investment in promising technologies and secure new growth engine through M&A of high-tech corporations. Combined with processing techniques of Hankook Tire’s affiliate M&K Technology, a super-size mold equipment company, the synergy of acquiring Model Solution is expected to be maximized.
Cooper Standard Expands Product Offerings With LS Mtron Acquisition
Through the acquisition, Cooper Standard says it will not only expand its core product offerings, but also gain a strategic partnership with LS Mtron, a leading Korean automotive and industrial manufacturer, creating the opportunity to cooperate across multiple industries by leveraging the material science capabilities of both companies.
KPS Capital Partners Creates Autokiniton Global Group
Leading industry executive George Thanopoulos has been named CEO of Autokiniton; the newly formed company has agreed to acquire L&W Inc. through an affiliate.
Automotive Distribution Network Signs 2 New Members Under Auto Pride Brand
The Automotive Distribution Network continues to extend the Auto Pride brand nationwide with the recent signings of NFADA Warehouse based in Williamsville, New York, and Parts Pro Automotive Warehouse based in Del Rey Beach, Florida.
AkzoNobel Makes Progress On Transformation Into A Focused Paints And Coatings Company
AkzoNobel says it has successfully completed the dual-track process for the separation of Specialty Chemicals business and to sell Specialty Chemicals to The Carlyle Group and GIC. It is on-track implementing its “Winning together: 15 by 20” strategy.
