Automotive refinish sales up high-single digit percentage. The Sherwin-Williams Company (NYSE:SHW) announced consolidated net sales increased 6.3% in the second quarter to a record $6.24 billion. Net sales from stores in U.S. and Canada open more than twelve calendar months increased 9.5% in the quarter. Earnings before interest, taxes, depreciation and amortization (EBITDA) increased 31.4% […]
EV Battery Safe Handling and Storage Guidance Developed by Automakers and Suppliers
In a collaborative effort to enhance safety measures and promote responsible handling of electric vehicle (EV) batteries, at its 2023 Innovation Summit in Columbus, Ohio, the Suppliers Partnership for the Environment (SP) announced the publication of a new guidance document on Electric Vehicle (EV) Battery Safe Handling and Storage. The guide is available to download. […]
UK Competition Regulator Says Solutions Offered to Address Competition Concerns in LKQ Acquisition of Uni-Select
LKQ had previously announced its intention to divest Uni-Select’s GSF Cark Parts UK business as part of acquisition. A fast-track Phase 1 investigation by the UK Competition and Markets Authority (CMA) confirmed July 21 that LKQ Corporation’s purchase of Uni-Select Inc. could raise competition concerns in the UK. LKQ, through Euro Car Parts, and Uni-Select, […]
Toyota Motor North America Selects CCC Collision Repair Parts Promotion Solution
CCC Intelligent Solutions (NASDAQ:CCCS) announced today that Toyota Motor North America will use CCC Promote to support Toyota and Lexus dealers across the United States in their parts marketing efforts. CCC Promote enables parts suppliers to offer promotional pricing on parts to collision repairers as estimates are being written within the CCC ONE platform. CCC […]
AkzoNobel Reports Second Quarter Sales of €2.741 Billion
Sales were down 4% compared to last year, but up 3% in constant currencies. Company increases financial guidance for full year. Akzo Nobel N.V. (AKZA; AKZOY) reported revenue of €2.741 billion ($3.023 billion) in the second quarter, down 4% on unfavorable exchange rates but up 3% in constant currencies compared to the second quarter of […]
Driven Brands Wraps Inaugural Combined Canadian Conference with Celebration
Franchise Partners from CARSTAR Canada and Driven Glass Canada raised more than CA$150,000 to benefit charitable partners across Canada. Driven Brands closed out its inaugural Driven Brands Canadian joint conference in the same spirit with which it began – excitement, conviviality and a commitment to evolving and growing together. The celebration, Evolution 2023, was held […]
Parker-Hannifin Corporation Executive Chairman Thomas Williams Joins Sherwin-Williams Board
The Sherwin-Williams Company (NYSE:SHW) announced that its Board of Directors elected Thomas L. Williams to the Board, effective July 18. Williams also was appointed to the Compensation and Management Development Committee of the Board. Sherwin-Williams’ Board now consists of ten members, including nine independent directors. Williams, 64, currently serves as Executive Chairman of Parker-Hannifin Corporation […]
Kinderhook Industries Acquires Continental Auto Parts
New Jersey based aftermarket collision repair parts distributor has ten hubs in four states. Kinderhook Industries, LLC announced today the acquisition of Continental Auto Parts, L.L.C. in partnership with management. Continental Auto Parts is a is a Newark, New Jersey based distributor of aftermarket collision automotive parts to multi-shop operators (MSOs) and independent collision repair […]
Department of Labor Recovers $66,000 in Back Wages from South Carolina Auto Parts Store Operator
The U.S. Department of Labor Wage and Hour Division announced investigators found that Bellinger Parts Group Inc., that operates six NAPA Auto Parts stores in South Carolina, made illegal deductions for store damage, cash register shortages and uniforms. These deductions caused some workers’ pay to fall below the $7.25 per hour federal minimum wage for […]
Career Education Association Opposed to Federal Budget Cuts for Education and Workforce Programs
The Association for Career & Technical Education (ACTE) has issued an action alert calling on people to write to their members of Congress to oppose cuts to education and workforce programs in the next Federal budget. According to ACTE, on July 14 the House Appropriations Subcommittee on Labor, Health and Human Services, Education and Related […]
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