The Sherwin-Williams Company (NYSE: SHW) reported consolidated net sales increased 0.5% in the second quarter ended June 30 to $6.27 billion. Earnings before interest, taxes, depreciation and amortization (EBITDA) in the quarter increased 12.1% to $1.44 billion, or 22.9% of net sales. Net sales in Sherwin-Williams’ Performance Coatings Group (PCG) that includes automotive refinish increased […]
National Council of Insurance Legislators CEO Considine to Retire
NCOIL General Counsel Will Melofchik named successor. National Council of Insurance Legislators (NCOIL) CEO Commissioner Tom Considine announced his retirement effective December 31. The announcement came during the Welcome Breakfast of the organization’s NCOIL Summer National Meeting in Costa Mesa, Calif. Considine has served as NCOIL’s first ever CEO since January 2016. The organization previously […]
NTSB Issues Safety Alert on Dangers of Marijuana for Teen Drivers
National Transportation Safety Board calls for increased education about impairing effects of marijuana following deadly Oklahoma crash. The National Transportation Safety Board issued a Safety Alert July 18 urging parents nationwide to protect their teen drivers from marijuana-impaired driving. The alert is accompanied by the final report on the investigation of a deadly 2022 collision […]
Classic Collision Acquires First Repair Facility in Maryland
Classic Collision, LLC announced the acquisition of Two Guys Collision Center in California, Md. Two Guys Collision Center has provided high-quality collision repairs and superb customer service in St. Mary’s County for several years. “We have been committed to providing every client the best collision repair experience. We feel that Classic Collision was the right […]
U.S. Department of Labor Recovers Over $33,000 in Back Wages and Damages for Overtime Violations at Iowa Tire Shop
An investigation by the U.S. Department of Labor’s Wage and Hour Division found the operator of an RNR Tire Express franchise in Davenport, Iowa failed to include non-discretionary bonuses in the regular rate of pay when calculating overtime pay, a Fair Labor Standards Act violation. The employer also did not maintain timecards for hourly paid […]
Andrew Clarke Appointed to LKQ Board of Directors
LKQ Corporation (Nasdaq: LKQ) announced the appointment of Andrew Clarke to the Company’s Board of Directors as a new independent director, effective July 22. With the addition of Mr. Clarke, the LKQ Board will consist of ten members, eight of whom are independent. Clarke brings significant logistics, transportation, operations, and financial expertise, having most recently […]
PPG Reports Sales of $4.8 Billion in Second Quarter
Overall organic sales flat compared to last year, refinish down mid-single digits on comparison to record quarter in 2023. PPG (NYSE:PPG) reported net sales of $4.794 billion for the second quarter of 2024, down 2% from $4.872 billion in the second quarter last year. Net income was $528 million, up 8% from 490 million in […]
BBB Industries to Acquire All Star Auto Parts
BBB Industries, LLC, a manufacturer serving the automotive, industrial, energy storage, and solar markets, backed by Clearlake Capital Group, L.P., announced it has entered into an agreement to acquire All Star Auto Parts. Terms of the transaction, which is expected to close in the third quarter, were not disclosed. Clearlake Capital is not a newcomer […]
Roberlo Introduces UNIQCROM Premium Solvent-Based Basecoat System
The European car refinish coatings company Roberlo announced the introduction of UNIQCROM, its latest premium quality solvent basecoat paint systems. UNIQCROM has been launched in North America, with plans to expand over the coming months into other international markets in South America and Southeast Asia. The solvent-borne basecoat system is composed of 40 solid bases, […]
Justice Department and Federal Trade Commission Extend Public Comment Period on Serial Acquisitions, Roll-Up Strategies Across U.S. Economy
The Justice Department’s Antitrust Division and the Federal Trade Commission (FTC) announced they are extending the deadline for the public to comment on serial acquisitions and roll-up strategies that harm competition by 60 days. As CollisionWeek reported in May, the joint request for information (RFI) seeks to learn more about how corporate actors, including private […]
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