AkzoNobel announced it has completed the acquisition of the Chinese Decorative Paints business of Sherwin-Williams that had been announced in April. The acquisition will further boost the company’s position in China and will allow the company further market segmentation and reinforce its position outside of the premium segment. The business has an annual revenue of […]
Nominations Open for National Auto Body Council Board of Directors
The National Auto Body Council (NABC) announced that nominations are open for its Board of Directors election. The National Auto Body Council Board is comprised of collision repair industry companies and individuals representing the industry’s thought leaders. These volunteer board members donate their time and expertise to lead the NABC and serve our industry membership. […]
August 24 CIECA Webinar Examines Collision Industry Trends
The Collision Industry Electronic Commerce Association (CIECA) announced that its next CIECA Webinar is scheduled for 2 p.m. (EDT) on Thursday, August 24. Bart Mazurek, Vice President, Automotive Services Group (ASG) Consulting & Services, CCC Intelligent Solutions will present Current & Forecasted Collision Industry Trends during the one-hour webinar. Registration for the CIECA August 24 […]
New York Collision Repair Shop Owner Sentenced to Six Months in Jail for Sales Tax Fraud
Repair facility owner paid more than $700,000 restitution in sales tax in 2017 case. New York Attorney General Letitia James and Acting New York Commissioner of Taxation and Finance Amanda Hiller announced the sentencing of Jose Cardona, 45, of Oceanside, for felony Tax Fraud related to his ownership and operation of two Nassau County collision […]
Driven Brands Reports Second Quarter Revenue Up 19%
Paint, Collision & Glass segment same-store sales up over 12%. Driven Brands Holdings Inc. (NASDAQ:DRVN) on August 2 reported revenue of $606.9 million for the second quarter ended July 1, up 19% compared to last year. System-wide sales were $1.7 billion, up 18 percent versus the prior year driven by 8 percent same-store sales growth […]
Cloninger Automotive Group Licenses DCR Systems Collision Repair Operating Model in North Carolina
DCR Systems, LLC announced that Cloninger Automotive Group based in Salisbury, N.C., signed an area development licensing agreement with the company. The agreement provides access to DCR Systems’ full turnkey operating model. “We appreciate Cloninger’s belief and trust in the DCR process and applaud their courage to adapt and transition from a traditional operation to […]
Jim Kessler Named CEO at RB Global
Company says Ann Fandozzi resigned due to failure to resolve executive compensation negotiation. RB Global, Inc. (NYSE:RBA) (TSE:RBA), formerly known as Ritchie Brothers Auctioneers, announced the appointment of Jim Kessler, most recently the Company’s President and Chief Operating Officer, as Chief Executive Officer. Kessler will also join RB Global’s Board of Directors. Megan Cash, most […]
Axalta Reports Sales Up 4.8% in Second Quarter
Axalta Coating Systems Ltd. (NYSE:AXTA) today announced net sales $1.2939 billion in the second quarter ended June 30, up 4.8% year-over-year (YoY) from $1.2349 billion last year. The result was driven by a 6.8% higher average price mix and a 1.6% benefit resulting from the absence of the commercial agreement restructuring charge incurred in Q2 […]
CCC Reports Revenue Up 10% in Second Quarter
CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) today announced total revenue was $211.7 million for the second quarter ended June 30, an increase of 10% from $192.8 million for the second quarter of 2022. GAAP gross profit was $152.6 million, representing a gross margin of 72%, for the second quarter of 2023, compared with $139.9 million, […]
Sherwin-Williams Holds Topping-Off Ceremony at New Global R&D Center
The Sherwin-Williams Company (NYSE:SHW) along with the project’s construction workers celebrated a ‘topping-off’ on July 26 with the placement of the final steel beam for the Company’s new Global Research and Development Center located in Brecksville, Ohio. This milestone marks the completion of the construction project’s structural work, a project that began with a groundbreaking […]
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