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.
GenNx360 Capital Partners’ Portfolio Company Completes 2 Additional Add-On Acquisitions
Tooling Technology Group, the portfolio company of GenNx and one of the largest manufacturer of tooling solutions serving the automotive and industrial end markets in North America, acquired CTG Holdings, which operates Century Tool & Die and Bel-Kur on March 29.
Auto Industry Veterans Team Up With Stellex Capital Management To Acquire Fenix Parts
A seasoned operating team will oversee the investment and growth of Fenix and its subsidiaries.
GPC Merges Its S.P. Richards Business With Another National Business Products Distributor
The merger is expected to deliver approximately $75 million in annual run-rate synergies and establish enhanced financial profile to drive more profitable growth and value for shareholders.
Tenneco To Acquire Federal-Mogul; Plans To Create 2 Independent, Public Companies With Acquisition
The acquisition is expected to be value accretive and will generate synergistic opportunities of at least $200 million in annual earnings and $250 million in working capital.
Kumho Hopes To Build Brand Value With Doublestar Deal
On Sunday, April 1, Kumho Tire management and its union agreed to the creditor’s plans to sell Korea’s second-largest tire maker to China’s Qingdao-based company Doublestar, which vows to invest a substantial amount of capital in the company to get it back on track and profitable.
National Auto Parts Warehouse Joins HDA Truck Pride With AJW Acquisition
With the acquisition of AJW, National Auto Parts Warehouse now has a facility that services Alabama, Western Florida, Georgia, Tennessee, Louisiana, South Carolina, Kentucky and Mississippi.
Michelin To Acquire Fenner In Cash Deal
For Michelin, the acquisition aligns with its goal to leverage its expertise in high-technology materials.
Chemence Acquires Electronics Adhesives Business From Supreme Resources
Over the next 12 months, Chemence intends to integrate this newly acquired electronics adhesive portfolio into its own Krylex product line in order to provide a seamless transition experience for existing customers.
Dana Confirms Discussions With GKN Regarding Potential Transaction
These discussions come in the wake of news reports that U.K.-based GKN is fighting off a hostile takeover bid from Melrose Industries.
Fenix Parts Announces Definitive Merger Agreement With Stellex Capital Management
In March 2017, the company engaged Stifel to advise the board and the company management and to assist in pursuing a range of potential strategic and financial transactions to provide the Fenix with improved liquidity and maximize shareholder value.
