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AkzoNobel Reports Second Quarter Sales of €2.741 Billion

July 25, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: AkzoNobel, Earnings

Driven Brands Wraps Inaugural Combined Canadian Conference with Celebration

July 25, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Annual Conference, Canada, CARSTAR, Driven Brands

Parker-Hannifin Corporation Executive Chairman Thomas Williams Joins Sherwin-Williams Board

July 25, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Board of Directors, Parker-Hannifin, People, Sherwin-Williams

Kinderhook Industries Acquires Continental Auto Parts

July 24, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Acquisitions, Continental Auto Parts, Kinderhook Industries, New Jersey, Non-OEM Parts

Department of Labor Recovers $66,000 in Back Wages from South Carolina Auto Parts Store Operator

July 24, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Lawsuits, Minimum Wage, South Carolina, U.S. DOL

Career Education Association Opposed to Federal Budget Cuts for Education and Workforce Programs

July 24, 2023 By CollisionWeek Editor

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 […]

Filed Under: News Tagged With: Association for Career and Technical Education, Career and Technical Education, legislation, U.S. House of Representatives, Workforce Development

Chris Roberts Joins PPG Board of Directors

July 24, 2023 By CollisionWeek Editor

PPG (NYSE:PPG) announced that Christopher N. Roberts III, executive vice president and general manager, global food and beverage, Ecolab Inc., has been elected to its board of directors, effective Oct. 18, 2023. Roberts will serve on the Audit Committee and the Sustainability and Innovation Committee of PPG’s board. Roberts has served in his current role […]

Filed Under: News Tagged With: Board of Directors, People, PPG Industries

Jennifer Keaton Named Director of Government Affairs at Auto Care Association

July 24, 2023 By CollisionWeek Editor

The Auto Care Association today announced the addition of Jennifer Keaton as its new director of government affairs. Keaton will work within a four-person department advocating on behalf of the automotive aftermarket with federal and state legislators as well as relevant regulatory agencies. Her role is critical in ensuring the management of state legislation and […]

Filed Under: News Tagged With: Auto Care Association, People

PPG Reports Record Second Quarter Sales of $4.9 Billion

July 21, 2023 By CollisionWeek Editor

Organic sales up 4% while volume declined about 2% during the quarter. PPG (NYSE:PPG) today reported record net sales of $4.9 billion in the second quarter, an increase of 4% over the prior year. The company reported organic sales growth of 4% year over year (YOY) was led by higher selling prices. Organic sales exclude […]

Filed Under: News Tagged With: Earnings, PPG Industries

Allstate Announces Auto Rate Increases of Over 11% in 12 Markets

July 21, 2023 By CollisionWeek Editor

National General brand auto rates also increasing. Announces $1 billion in catastrophe losses for June. The Allstate Corporation (NYSE: ALL) yesterday announced that during the month of June, the Allstate brand implemented auto rate increases of 11.6% across 12 locations, resulting in total brand premium impact of 2.6%. In addition, Allstate reported National General brand […]

Filed Under: News Tagged With: Allstate, National General, Premiums

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