Acquisition expected to close June 1. Valspar announces refinish production expansion The Sherwin-Williams Company (NYSE:SHW) announced it has received regulatory approval from the United States Federal Trade Commission (FTC) and the Canadian Competition Bureau (CCB) to complete its acquisition of The Valspar Corporation (NYSE: VAL). The FTC and CCB were the only remaining regulatory approvals […]
AIA Canada Providing I-CAR Training to Skills Canada Champion to Prepare for WorldSkills
The Automotive Industries Association (AIA) of Canada announced it was joining other industry partners in supporting 2016 Skills Canada Auto Body Repair Champion Vyolaine Dujmovic on her road to the 2017 WorldSkills Competition this October in Abu Dhabi. Dujmovic won her Canadian title at the 2016 Skills Canada National Competition (SCNC) held in Moncton, New […]
Keith Bell Named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel
Keith Bell has been named North American Sales Leader, Distribution, OEM and Industry Relations at AkzoNobel Vehicle Refinishes North America. Bell previously served as U.S. Sales Leader for the East Market. In his new role Bell will work with the company’s North American distribution network, AkzoNobel’s Distributor Council and other key distributor programs. Bell has […]
Copart Reports Revenue Up Over 7% in Fiscal Third Quarter
Copart, Inc. (NASDAQ:CPRT) reported financial results for the quarter ended April 30. For the three months ended April 30, 2017, revenue of $373.9 million an increase of $26.6 million, or 7.7 percent over the same quarter in the previous year. Gross margin was $172.5 million, an increase of $14.9 million, or 9.4 percent for the […]
Mississippi Attorney General and Auto Repair Task Force Release Consumer Guide to Insurance and Auto Body Repair
Last week, Mississippi Attorney General Jim Hood announced the release of the Consumer’s Guide to Insurance and Auto Body Repair. According to the Mississippi Attorney General’s Office, it convened the Mississippi Auto Repair Task Force in August 2016 in an attempt to give consumers some guidance on navigating the relationship between the collision repair and […]
Insurance Auto Auctions Expands Two Locations in Georgia
Adds over 40 acres to branches in Savannah and Tifton Insurance Auto Auctions, Inc. (IAA) announced the expansion of its Savannah and Tifton, Georgia facilities. The growth of these facilities extends the company’s footprint across the seven locations in the state and demonstrates IAA’s commitment to responding to the increasing needs of its customers in […]
Boyd Group Acquires Assured Automotive’s 68 Collision Repair Centers in Canada
Acquisition of Canada’s largest non-franchise collision repair company more than doubles Boyd’s footprint in the country. The Boyd Group Income Fund (TSE:BYD.UN) yesterday announced that it has, through a subsidiary company, acquired Assured Automotive Inc., the largest operator of non-franchised collision repair centres in Canada, based in Ontario. The acquisition is expected to be immediately […]
Court Rules in AkzoNobel’s Favor in Suit to Unseat Chairman Over PPG Takeover Bid
AkzoNobel (OTCMKTS:AKZOY)yesterday prevailed in a lawsuit brought by investor Elliott Advisors that sought to unseat AkzoNobel’s chairman over the paint manufacturer’s continued resistance to the takeover bid by PPG Industries (NYSE:PPG) that was launched earlier this year. The decision by Amsterdam Enterprise Chamber rejected Elliott’s request to force AkzoNobel to hold a special shareholder meeting […]
Memorial Day Travel at Highest Level Since 2005
AAA projects 39.3 Million Americans are expected to travel during Memorial Day weekend. Automobile travel will grow by 2.4 percent. AAA projects that 39.3 million Americans will travel 50 miles or more away from home this Memorial Day weekend. That is one million more travelers than last year taking to the roads, skies, rails and […]
Career and Technical Education Faces Cuts in President’s FY18 Budget
Cuts, if approved by Congress, could impact collision repair training programs at high schools. Collision repair training programs in high schools would possibly face cuts under the budget proposed by the Trump Administration this week for Fiscal Year 2018 that begins in October 2017. The Administration is requesting $976.9 million to support career and technical […]
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