Same store sales increased 5.3 percent for the year. The Boyd Group Income Fund (TSE:BYD.UN) today reported its financial results for the three and twelve-month periods ended December 31, 2016. According to the multiple collision repair shop operator, sales increased by 18.1 percent to CA$1.4 billion ($1.05 billion) from CA$1.2 billion ($897.1 million) in 2015, […]
AkzoNobel Rejects Second Proposal from PPG
Company states proposal fails to recognize value of AkzoNobel and neglects to address significant risks and uncertainties, including extensive anti-trust concerns. AkzoNobel today announced it has rejected a second unsolicited proposal from PPG Industries Inc. to acquire AkzoNobel. According to Akzo, the proposal on March 20, fails to reflect the current and future value of […]
Boyd Group Acquires Two Collision Repair Centers in Oregon
The Boyd Group Inc. announced the March 17 opening of two Gerber-branded collision repair centers in Oregon. The centers are located in McMinnville and Newberg, Ore., about 35 miles southwest of Portland. They previously operated as True Form Collision Repair with the McMinnville location opening in 1998 and the Newberg location in 2003. “Both of […]
Nine Transitioning Soldiers Graduate from Caliber Collision’s Changing Lanes Program
Nine soldiers at Ft. Bragg will be completing their military service and returning to civilian life fully armed with a $2,500 toolbox, employment offer and a new career with Caliber Collision. Developed in partnership with Fayetteville Technical Community College (FTCC) and Ft. Bragg’s Career Skills Program, Changing Lanes is the first program in the country […]
I-CAR Australia Partners with Automechanika Kuala Lumpur for Collision Repair Training
Automechanika Kuala Lumpur, will kick off its 10th exhibition, from March 23-25 at the Kuala Lumpur Convention Centre, Malaysia. The three-day event will house 246 worldwide exhibitors from 18 countries and regions and pavilions from China, the European Union, Singapore and Taiwan. The event will feature a Collision Repair Training Workshop organized by Messe Frankfurt […]
PPG Reported to Prepare New Bid for AkzoNobel
Bloomberg reported yesterday that its sources indicate PPG Industries Inc. is preparing a new takeover bid for Akzo Nobel NV. On March 9, AkzoNobel announced it rejected an unsolicited offer from PPG to form a combined company that AkzoNobel says undervalued its business. In response to the offer, AkzoNobel’s CEO announced the company would explore […]
Southern Automotive Repair Conference April 21-22 in Mississippi
The 2017 Southern Automotive Repair Conference (SARC) will be held April 21-22 at the IP Resort Casino Spa in Biloxi, Miss. SARC’s purpose is to provide an annual industry forum for collision repair professionals in the Southeast region, where attendees can visit exhibits, receive important updates & information, stay abreast of new vehicle technologies, promote […]
PPG Foundation Funds $20,000 in Scholarships through Collision Repair Education Foundation
The PPG Foundation has provided $20,000 in funding for the Collision Repair Education Foundation to be awarded to students who have demonstrated a career interest in automotive repair and refinish. The scholarships, $5,000 each, are awarded annually to full-time students attending a post-secondary school with a focus on degree programs in collision repair. The funds […]
GEICO Reaches 15-million Private Passenger Insurance Policyholder Milestone
The second largest private passenger auto insurer in the U.S. covers more than 24 million vehicles. GEICO announced Saturday that it recently sold its 15-million policy. A Covington, Ga., couple called GEICO recently looking to purchase a new auto insurance policy. Little did they know that their 15-minute phone conversation with GEICO sales counselor Jon […]
Copart Opens Second Location in Utah
Copart, Inc. (NASDAQ:CPRT) announced the opening of its second location in Utah. “Gaining a greater foothold in the Mountain States with another Utah location sets the stage for continued growth in the region,” said Jay Adair, CEO of Copart. “As we approach our 200th Copart location, each new opening is another testament of our ability […]
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