Two big acquisitions were announced yesterday. Collision repairers in 16 states are waking up this morning to a new competitive landscape as Service King Collision Repair Centers announced that it has reached an agreement to acquire Sterling Collision Centers and its 62 stores. This acquisition will bring the total number of Service King locations to […]
BASF’s Winterman Sees Little Need for BASF to Acquire a Paint Company
Comments on shop, distributor and paint company consolidation as well as the investment deal with the Boyd Group Al Winterman, VP of Refinish for BASF, effectively dispelled rumors that BASF was actively seeking another paint company to merge with or acquire. Though believing consolidation among paint suppliers will continue, Winterman stated, “We’re trying to invest […]
Boyd Group Reports Nine Month Results, Growth On Track
The Boyd Group Inc. announced November 18 that its interim report to shareholders for the nine months ended September 30, 1999 will reflect continuing aggressive growth and profitability. Sales for the nine months were CA$38 million, representing an increase of 100 percent over the same period last year. Earnings before interest, taxes, depreciation and amortization […]
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