Twinco Romax and DYK Automotive Announce Merger - aftermarketNews

Twinco Romax and DYK Automotive Announce Merger

The merger will create new national automotive aftermarket distribution and manufacturing company with a commitment to maintain a strong regional presence, the two companies say.

MINNEAPOLIS and GERMANTOWN, Tenn. – Twinco Romax and DYK Automotive have announced a definitive merger agreement. The merger will create new national automotive aftermarket distribution and manufacturing company with a commitment to maintain a strong regional presence, the two companies say.
 
Twinco Romax is a vertically integrated distributor and manufacturer of automotive fluids and related aftermarket products sold to customers in the convenience store, automotive, mass market, farm store and other retail channels. DYK Automotive LLC is the holding company for AP Automotive (AP Auto) and Keltner Enterprises. DYK Automotive provides distribution of an array of national and company-owned brands of oils, chemicals and parts for the automotive and heavy-duty aftermarkets across a number of channels.  
 
The various operating divisions that are part of the new organization will continue to serve their respective customers and channels with no significant changes. Don Youngblood, currently CEO of DYK Automotive, will become chairman of the company with a focus on strategic initiatives and opportunities for the company. Dan Ribnick, currently CEO of Twinco Romax, will become the CEO of the merged company and will be responsible for the combined entity’s operations.
 
The company says it will stock more than 400 brands across seven manufacturing and distribution facilities with almost 800,000 square feet of space. The distribution centers will service customers in 50 states as well a large international business.
 
In commenting on the merger, Youngblood said, “The combined entity will continue to operate the companies much as they are today. The addition of Twinco Romax’s manufacturing capabilities and the addition of significant product lines will greatly enhance our ability to provide greater value and broader choice to our customers.”
 
Ribnick noted that the national footprint gives the new company seven locations and the largest fleet of tractor-trailer delivery trucks in the business.  
 
“The merger makes a lot of sense,” said Ribnick. “Both of these companies have experienced tremendous growth over the past few years. We expect continued growth by adding additional product lines, locations and channels over the coming years.”
 
 
 
 
 

You May Also Like

ChargeLab Expands Leadership Team with Two Hires

ChargeLab appointed Kevin Alfred as vice president of finance, and Ariel Maidansky as head of growth.

ChargeLab Bolsters leadership team with two hires

ChargeLab announces the appointment of Kevin Alfred, CFA, CMA, as vice president of finance, and Ariel Maidansky as head of growth.

"We are thrilled to welcome Kevin and Ariel to ChargeLab," said CEO Zak Lefevre. "Their wealth of experience and expertise will play a crucial role in driving our company's growth and innovation in the EV charging industry. With Kevin leading our finance operations and Ariel spearheading our growth initiatives, we are confident we can accelerate charger deployments in 2024."

MEMA Aftermarket Suppliers Forms New CEO Council

The council brings together executives from the automotive, commercial vehicle and remanufacturing sectors.

Standard Motor Products Announces 123 New Numbers

The release provides new coverage in 53 distinct product categories and 47 part numbers for 2023 and 2024 model-year vehicles.

Standard Motor Products Announces 123 New Numbers
ASE Practice Tests Available Online

Those preparing for ASE certification can get a good idea of what to expect by adding the official ASE practice tests to their study plans.

ASE Practice Tests Available Online
CCC Report Analyzes Labor Pressures, Vehicle Complexity

Report shows advanced technology is contributing to costlier repairs, higher claims costs and longer cycle times.

CCC Report Analyzes Labor Pressures, Vehicle Complexity

Other Posts

UAF Scholarship Deadline Fast Approaching

The deadline to submit an application is March 31.

UAF Scholarship Deadline Fast Approaching
Opposition Grows for California’s Mandate Banning New Gas-Powered Vehicle Sales

SEMA members and industry consumers sent EPA over 5,000 letters in opposition to the ACC II Waiver.

Opposition Grows for California’s Mandate Banning New Gas-Powered Vehicle Sales
Demand for REE Automotive Full By-Wire EVs Continues to Grow

REE has expanded its authorized dealer network, which now covers 66 locations of sales and service across the U.S. and Canada.

AAPEX Named One of 50 Fastest-Growing Shows in 2023  

This is the second consecutive year that AAPEX earned a spot in TSE’s Fastest 50 Class.