$3.6 Billion transaction expands Parker’s engineered materials business. Parker Hannifin Corporation (NYSE:PH) today announced that it will acquire Fusor adhesive manufacturer Lord Corporation for approximately $3.675 billion in cash. The transaction has been approved by the Board of Directors of each company and is subject to customary closing conditions, including receipt of applicable regulatory approvals. […]
National Coatings & Supplies Donates Nearly $90,000 to Support Collision Repair Education Foundation
National Coatings & Supplies (NCS)/ Single Source have donated $88,830 to the Collision Repair Education Foundation, which was made in part with NCS/ Single Source’s paint manufacturer partners (AkzoNobel, Axalta, BASF, and PPG), along with customer participation. The donation will support the Foundation’s ability to assist high school and college level collision school programs. NCS/ […]
AASP-MN Announces $16,000 in Automotive and Collision Repair Scholarships
The Alliance of Automotive Service Providers of Minnesota (AASP-MN) announced scholarship awards totaling $16,000 to help automotive service and collision repair students pay for tuition or tools during the 2019-20 school year. The scholarships are in the amount of $1,000 per student and were made possible by a successful fundraising drive within the AASP-MN membership, […]
Martin Senour Paints Releases 2019 Q2 Training Schedule
Martin Senour Paints announced its 2019 second quarter automotive refinish training schedule for the collision repair industry, offering classes in Color Adjustment and Blending, Painter Certification and Pro//BASE Refinish System Painter Certification. The training courses are to be held in Dallas, Philadelphia, Atlanta and Reno. “The collision repair professionals that are constantly developing and learning […]
New Vehicle Retail Sales Projected to Decline in April
Forecast sees demand for expensive vehicles rising as average selling price to hit record. New vehicle retail sales in April are expected to fall from a year ago, according to a forecast developed jointly by J.D. Power and LMC Automotive. Retail sales are projected to reach 1,041,600 units, a 5.3 percent decrease compared with April […]
CARSTAR Added 25 Collision Repair Centers in First Quarter
CARSTAR announced that in the first quarter of 2019, it had more than 25 collision repair locations complete immersion and branding across its North American network. CARSTAR saw growth in San Francisco, Southern California, North Carolina, Louisiana, Nevada and New York in the U.S. as well as British Columbia and Alberta in Canada. It expects […]
AASP-MN Announces Board of Directors
April marked the beginning of service for the 2019–2020 Alliance of Automotive Service Providers of Minnesota (AASP-MN) Board of Directors. The Alliance welcomed new board members Tony Newman, Dale Feste Automotive, Hopkins; Jesse Jacobson, Heppner’s Auto Body, Woodbury; and Loren Feldkamp, Lube-Tech & Partners, St. Paul. They join other members of the Board, which include: […]
Dallas Cowboys and Caliber Collision Celebrate Military Service Members and Veterans at Military Combine
Three-vehicle donation by USAA and Caliber Collision among event highlights. Nearly 4,000 fans flooded the field at AT&T Stadium in Arlington, Texas to cheer and celebrate U.S. Military Service Members competing in the 3rd Annual Dallas Cowboys Military Combine presented by Caliber Collision. The goal of the Military Combine is to honor military heroes, showcase […]
Optima Automotive Announces Staff Promotions
Mark Claypool, President of Optima Automotive, the web presence management company, announced two key internal promotions within the company. Tyler Claypool has been promoted to the Vice President of Operations position, moving up from his former Director of Client Relations position. “Tyler has developed all the skill sets we truly need in this position,” said […]
LKQ Reports First Quarter Sales of $3.1 Billion
Overall parts and service growth 15.2 percent, organic revenue growth just 0.1 percent. LKQ Corporation (Nasdaq:LKQ) today reported revenue for the first quarter of 2019 of $3.1 billion, an increase of 14 percent as compared to $2.7 billion in the first quarter of 2018. For the first quarter, parts and services organic revenue growth was […]
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