Top 5 Stories Of The Week

Top 5 Stories Of The Week

A recap of the top five stories on aftermarketNews during the week of June 1.

The Aftermarket Auto Parts Alliance Inc. has announced Uni-Select Canada Inc., a wholly-owned subsidiary of Uni-Select Inc., as its newest shareholder owner. Uni-Select is a publicly traded company headquartered in Boucherville, Quebec. As a fully-participatory member, Uni-Select will utilize Alliance technology platforms, North American sweepstakes, the Certified Service Center program, and more. 

Read more here.

For the first time in its history, the Aftermarket Auto Parts Alliance Inc. hosted its Summer Shareholder Meeting online. The three-day meeting kicked-off on Monday, June 1, from Alliance headquarters in San Antonio, broadcasting to a record-high number of attendees. 

Read more here.

U.S. Auto Parts Network recently announced it would open a new 210,000-square-foot distribution center in Grand Prairie, Texas. The distribution center, slated to begin operations in late 2020, will create a minimum of 150 new jobs and $10 million in economic impact in its first 18 months alone. When operational, the facility will deliver new parts to customers across the South and Southwest servicing all of the brands U.S. Auto Parts Network has to offer, including CarParts.com and JC Whitney.

Read more here.

SRS Marketing Co. and colleagues of Jim Shapiro, 65, are mourning his loss. Shapiro, president of SRS Marketing Co., passed away in his home early Friday morning, May 29, surrounded by his family. Jim joined his father, Malcom Shapiro, as a manufacturers’ representative at Shapiro and Boehm at the age of 22 and took the company over when Malcom passed. SRS Marketing was established in 1996 when Shapiro and Boehm merged with Robert Riefberg Sales, where Jim served as president alongside his partners Robert Riefberg and Bob Slemmer until his passing. 

Read more here.

APC Automotive Technologies, LLC, together with certain of its subsidiaries, recently announced that it has entered into a comprehensive Restructuring Support Agreement (RSA) with key stakeholders, including its asset-based lenders, 74% of its term loan lenders that are eligible to vote, and significant financial sponsors (RSA Parties).

Read more here.

You May Also Like

VIPAR HD Announces Latin America Expansion Plans

Plans include focusing on new locations, stockholders, and suppliers to serve the growing market.

VIPAR hold semi-annual meeting

Powered by more than 100 locations and 15 years of serving the parts and service needs of commercial vehicle owners throughout Mexico, VIPAR Heavy Duty announced plans to expand its operations and network in Latin America.

“VIPAR Heavy Duty is focused on growing our business in Mexico, Central America and Colombia," said Chris Baer, VIPAR Heavy Duty president and CEO. "Plans are underway for existing distributors to open new locations. We will also be strategically adding new stockholders and new suppliers to best serve Latin American markets. This is a growth opportunity for all participants."

Preparing for the ‘End Game’

Endgame strategies, Tartaglione explains, encompass the owner’s objectives for the business, including passing it on to the next generation, selling to a competitor or bringing in a financial partner.

Preparing for the 'Endgame'
MAHLE Releases 2023 Sustainability Report

MAHLE noted it made significant progress in reducing its CO2 emissions, and increasing the use of renewable electricity.

MAHLE Releases 2023 Sustainability Report
Continental Appoints New ‘Head of Region’ for the US, Canada

In this role, Rob Schroeder will oversee all of material handling, port, earthmoving and agriculture tire business in the US and Canada.

Continental Rob Schroeder
Transtar Industries Continues Rapid Product Line Expansion 

The company is now offering OE recycled engines, in addition to its expansive line of OE recycled transmissions and transfer cases.

Other Posts

Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced

One winner of a $100 gift card will be named each Thursday for 10 weeks on the Mitchell 1 Facebook page. 

Mitchell 1’s ‘Thank You Thursdays!’ Sweepstakes Announced
Eaton Names Senior Vice President and Controller

Adam Wadecki currently serves as senior vice president of internal audit.

Eaton Names Senior Vice President and Controller
University of the Aftermarket Encouraging Registration for Data Standards Course

This live, two-day educational program is open to anyone who works with the aftermarket standards ACES and PIES, or who would benefit from developing a general knowledge base on them.

CAPA Elects New Members to Board of Directors, Tech Committee

The Certified Automotive Parts Association announced the election of four members to its board of directors and three members to its technical committee.