LKQ Corporation (NASDAQ:LKQ) today announced that it has entered an agreement to sell the OEM glass manufacturing business of its Pittsburgh Glass Works subsidiary (PGW) to a subsidiary of Vitro S.A.B. de C.V. (VITROA.MX), a leading glass manufacturer based in Mexico. The sale price is $310 million, subject to potential post-closing purchase price adjustments. As […]
BASF Acquires Surface Treatment Provider Chemetall
BASF has signed an agreement to acquire Albemarle’s global surface treatment business, Chemetall. The purchase price is $3.2 billion. The transaction is subject to approval by the relevant authorities and is expected to close by the end of 2016. Chemetall is a global technology and innovation leader in the metals surface treatment market, and is […]
AkzoNobel Completes Acquisition of BASF’s Industrial Coatings Business
AkzoNobel announced it has finalized the acquisition of BASF’s global Industrial Coatings business that was announced in February. The industrial coatings business supplies a range of products for industries including construction, domestic appliances, wind energy and commercial transport. The transaction includes relevant technologies, patents and trademarks, as well as two manufacturing plants in the United […]
National General Acquires Renewal Rights for Nationwide Non-Standard Auto Business
National General Holdings Corp. (NGHC) on December 8 announced that it has entered into a renewal rights transaction with Nationwide Mutual Insurance Company for its personal and commercial non-standard vehicle in-force policies. National General will partner with Nationwide’s exclusive and independent agent force to sell its policies to their non-standard auto customers. National General Chief […]
Boyd Group Acquires Three Collision Repair Centers in Florida
The Boyd Group Inc. announced the December 6, opening of three Gerber collision repair centers in Florida. The centers are located in Crestview, Fort Walton Beach, and Panama City Beach and previously operated as Factory Spec Collision Centers. “These centers are great additions to our portfolio as they strengthen our presence in the northwest region […]
FinishMaster Acquires Autobody Supply Co. in Ohio
FinishMaster, Inc., a subsidiary of Uni-Select Inc. (TSE:UNS), announced it has completed the acquisition of nine Autobody Supply Company, Inc. (ABS) locations in central and southwestern Ohio, including Columbus, a top 30 US metropolitan area. “We are excited to welcome more than 60 new team members who share our value of partnership and unparalleled service,” […]
Robert W. Mallon Acquired by Colours, Inc.
Robert W. Mallon Inc., the paint, body and equipment (PBE) distributor serving the collision repair industry from locations in Pennsylvania and New Jersey, has been acquired by Colours, Inc., the PPG Platinum paint distributor. Together with the Mallon Auto Paint locations in Warrenton, Pa. and Pennsauken N.J., Colours now operates 32 locations in New York, […]
LKQ Acquires Equity Interest in Mekonomen Group
LKQ Corporation (LKQ) today announced that it has entered into an agreement to acquire an equity interest in Mekonomen AB (MEKO.ST) from Axel Johnson AB (AXJ). Headquartered in Stockholm, Sweden, Mekonomen Group is an independent car parts and service chain in the Nordic region of Europe, offering a wide range of products including spare parts […]
Lawson Products Acquires Mattic Industries
Lawson Products, Inc. (NASDAQ:LAWS), the parent of Kent Automotive, announced it has completed the acquisition of Mattic Industries Limited, a Vancouver-based distribution company. Founded in 1982, Mattic Industries is a leading distributor of rivets, fasteners and other industrial components throughout Western Canada. Similar to Lawson, the company also provides vendor managed inventory (VMI) services to […]
Australia’s AMA Group Acquires Six Collision Repair Centers, Plans Greenfield Locations
The AMA Group announced the acquisition of six collision repair centers and plans to open two greenfield locations. The acquisitions will be funded using existing cash resources. The total anticipated consideration for the acquisitions is AU$4.743 million ($3.576 million). The acquired business will provide incremental revenue of AU$26.9 million ($20.2 million) and earnings before interest, taxes, […]
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