IAA, Inc. (NYSE: IAA) announced an agreement to acquire the stock of SYNETIQ Ltd., a leading integrated salvage and vehicle dismantling company in the United Kingdom, for £225 million ($309.75 million). IAA, Inc. will acquire the stock of SYNETIQ through its indirect wholly owned subsidiary IAA International Holdings Limited. Founded in 2019 from the merger […]
Axalta Announces Prepper to Painter Training Course
Refinish North America introduced a new Prepper to Painter Application Course. Offered through online and in-person blended learning, the new program teaches refinish fundamentals to individuals who have some body shop experience. Upon course completion, an existing shop prepper will be able to transition into a painting role to help busy collision centers get more […]
Global Finishing Solutions Names Vice Presidents of Operations, Industrial Sales and Auto Refinish Sales
Global Finishing Solutions (GFS) has announced the appointment of Tom Carlson as Vice President of Operations, Marty Hedlund as Vice President of Industrial Sales and Ellie Ramey as Vice President of Auto Refinish Sales. “I am pleased to add leaders to our organization who align with our culture and are passionate about customer satisfaction and […]
John Krupnik Named Chief Product and Technology Officer at Joyride Autos
Joyride Autos, the online auction platform and marketplace for undervalued vehicles including those impounded and abandoned at automotive towing and repair facilities, announced that it has brought on John D. Krupnik as the company’s first chief product and technology officer. Krupnik joins Joyride from Insurance Auto Auctions (NYSE: IAA), where he served as chief information […]
NOAA U.S. Winter Weather Outlook Forecasts Drier, Warmer South, Wetter North with Return of La Nina
Drought likely to persist across the West, improve in the Northwest. Above-average temperatures are favored across the South and most of the eastern U.S. as La Nina climate conditions have emerged for the second winter in a row according to NOAA’s Climate Prediction Center — a division of the National Weather Service. In NOAA’s 2021 […]
PPG Reports Third Quarter Sales of Nearly $4.4 billion
Organic sales growth led by higher selling prices of nearly 6%. PPG (NYSE:PPG) today reported financial results for the third quarter 2021. Net sales were $4.372 billion, up 19% from $3.685 billion in the third quarter last year. Net income was $344 million, down 22% from $442 million in the third quarter of 2020. The […]
CSN Collision Centres Adds Repair Facility to Network in Kitchener, Ontario
CSN Collision Centres announced that CSN Shirley Drive in Kitchener, Ontario, Canada is the latest collision repair facility to join its network. CSN Shirley Drive is owned by Tony Koebel, who doubles down on his dedication to the CSN business model as he is also the manager of CSN Koebel’s, owned by CSN Collision Centres […]
CCC Launches Recovery Assistant App with USAA
CCC Intelligent Solutions Inc. introduced Recovery Assistant, the first mobile experience for casualty claims resolution. Recovery Assistant creates a mobile channel to quickly and efficiently capture information to accelerate third-party claims resolution. USAA collaborated with CCC to bring this innovative capability to reality and further enable the insurer’s digital-first strategy. USAA is also the first […]
Boyd Group Acquires Two Collision Repair Centers in Ohio
The Boyd Group Inc. announced the acquisition of two collision repair centers in Medina and North Ridgeville, Ohio. The new Gerber Collision & Glass repair centers previously operated as South of the Square Collision Center, originating in Medina in 1999 and expanding to the North Ridgeville location in 2013. Medina is the county seat of […]
Consumer Sentiment Declines in Preliminary October Report
University of Michigan survey remains at lows recorded during last year’s government shutdowns. After returning a slight increase in September, consumer sentiment returned to its declining trend in preliminary October results. The survey’s chief economist is now raising concerns about what the declines hold for consumer spending next year. Consumer sentiment is viewed as a […]
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