You are here: / mergers and acquisitions

Posts

Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head

, ,
The Parts Alliance, Paul Dineen

The Parts Alliance has acquired three more former Unipart Automotive (UA) branches. Located in the south west of England, the Chard, Frome and Plymouth sites are expected to re-open around the end of September, according to The Parts Alliance. They bring the number of former Unipart Automotive branches acquired by the HgCapital-owned business group to 15 including the 12 acquired in July after UA went into administration. 24 more jobs have been saved as a result, while Paul Dineen, formerly regional director with UA and head of the Unipart Car Care Centres (UCCC) programme, has been recruited to oversee the eight ex-UA sites in Barnstaple, Penryn, Taunton, Tiverton and Exeter.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Second ex-Unipart Automotive director appointed regional Parts Alliance MD
  2. Andrew Page, The Parts Alliance buy 33 Unipart Automotive branches
  3. Unipart Automotive branches’ fate – full list
  4. Unipart Automotive enters administration, Andrew Page/Parts Alliance JV saves 33 branches
/by

Schrader group sold to Sensata for US$1 billion

Sensata Technologies Holding NV, a wholly owned indirect subsidiary of Sensata Technologies BV, has agreed to buy TPMS Schrader group of companies from Madison Dearborn Partners, LLC for a total enterprise value of US$1 billion. Schrader is the global leader in tire pressure monitoring sensors (TPMS). According to the company, the transaction provides TPMS and additional low pressure sensing capabilities, adding to Sensata’s “industry-leading sensing position”. The transaction is subject to regulatory approval but is expected to close during the fourth quarter of 2014.

Read more

Related news:

  1. Sensata completes Schrader purchase
  2. TPMS maker Schrader sold for US$505 million
  3. Sensata cutting 160 jobs in Northern Ireland
  4. Schrader to pay US$31 million for TPMS patent infringement
/by

European Commission approves Bekaert acquisition of Pirelli steel cord business

,

The European Commission has approved the proposed acquisition of the steel tyre cord business of the Italian company Pirelli by its Belgian-based rival NV Bekaert SA under the EU Merger Regulation. According to an official statement dated 31 July, the commission concluded that the acquisition “would not raise competition concerns as the merged entity’s customers, which are large, multinational tyre companies, have countervailing buyer power which is further strengthened by over-capacity in the steel tyre cord market.”

Read more

Related news:

  1. Bekaert Completes Acquisition of Bridgestone Tyre Cord Plants
  2. Pirelli Slatina factory extension to make car tyre plant its biggest
  3. Bekaert takes on Pirelli steel cord business for €255 million
  4. Now Pirelli’s been sold, who’s next?
/by

Unipart Automotive branches’ fate – full list

,

33 Unipart Automotive sites were transferred to Andrew Page and The Parts Alliance in a deal that saved 361 jobs. The full list of sites taken on by Andrew Page and the Parts Alliance is published below, while the remaining 147 sites that are currently inactive follow.

Read more

Related news:

  1. Andrew Page, The Parts Alliance buy 33 Unipart Automotive branches
  2. Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head
  3. Unipart Group ‘saddened’, restates distance from Unipart Automotive
  4. Unipart Group enhances Unipart Car Care Centre proposition
/by

Andrew Page, The Parts Alliance buy 33 Unipart Automotive branches

, ,
Andrew Page logo

Automotive parts business Andrew Page has rescued around 350 jobs, spearheading a deal with The Parts Alliance to takeover 33 branches of Unipart Automotive, which entered administration today. Andrew Page has taken 21 branches and The Parts Alliance a total of 12, with the terms of the deal as yet undisclosed. Andrew Page rejoined major UK and Ireland buying and distribution group The Parts Alliance following a six year absence on 8 July, coinciding with Unipart Automotive’s announcement that it had put the administrators on standby, a clear signal that some kind of move was on the cards. Tyrepress estimated Andrew Page possessed a growing share of the automotive parts market of around seven per cent at the time; the company will expect today’s news will help to grow that share quickly, having increased its existing network of 93 branches by 23 per cent.

Membership Required

If you are not yet a Tyrepress or Tyres & Accessories subscriber, you can change that here.

Subscribe now

Becoming a member has benefits such as:

  • Read our sector-leading articles in full
  • Full analysis of tyre business segments
  • Read Tyres & Accessories magazine online/in print

Already a member? Log in here

Related news:

  1. Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head
  2. Unipart Group ‘saddened’, restates distance from Unipart Automotive
  3. Unipart Automotive branches’ fate – full list
  4. Second ex-Unipart Automotive director appointed regional Parts Alliance MD
/by

Jumbo merger in automotive components sector?

It appears Germany’s ZF Friedrichshafen may be looking to acquire US-based automotive parts supplier TRW Automotive Holdings Corp. A statement issued by TRW Automotive yesterday confirms that it “received a preliminary, non-binding proposal to acquire the company,” however the statement didn’t go beyond saying it was evaluating the proposal. TRW Automotive did not give any details about the interested party; Bloomberg named ZF Friedrichshafen based upon information it says comes from people with knowledge of the matter.

Read more

Related news:

  1. ZF acquires TRW Automotive, sells steering system business
  2. Conti’s Rearguard Action Takes Shape
  3. Conti: Corona bridge concept will save jobs
  4. Continental/Motorola Deal Gets EU Go-ahead
/by

The Parts Alliance acquires Bromsgrove Motor Factors

,
Peter Sephton CEO of The Parts Alliance

The Parts Alliance business group has completed its acquisition of the Worcestershire-based Bromsgrove Motor Factors (BMF). It follows the acquisition of The Parts Alliance by HgCapital, the investment company with a £2 billion automotive fund. The Parts Alliance’s new chief executive Peter Sephton said he was excited to be welcoming new colleagues from BMF to the HgCapital backed Parts Alliance group ‘family’.

Read more

Related news:

  1. Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head
  2. Second ex-Unipart Automotive director appointed regional Parts Alliance MD
  3. The Parts Alliance acquires associate member Car Parts & Accessories
  4. The Parts Alliance awarded ‘Best UK Automotive Transactions’
/by

MRF looking at growth options

Indian tyre maker MRF Ltd. is eyeing several acquisition opportunities but remains cautious over committing itself to inorganic expansion, chairman and managing director K.M. Mammen told The Times of India. Referring to the aborted deal of major Indian rival Apollo Tyres, whose acquisition of Cooper Tire & Rubber Co. came undone, Mammen told the newspaper, “You can acquire like how my dear friends did and then get slapped.” He added: “There is a way of acquiring. You should acquire what you can swallow. A bad acquisition can kill you.”

Read more

Related news:

  1. Indian Manufacturers Publish Quarterly Results
  2. Indian Manufacturers Face Export Difficulties
  3. Tubeless Radials the Hot Ticket in India
  4. Ruia Group acquires German Automotive Supplier
/by

Volkswagen set to buy rest of Scania

The German automotive group Volkswagen looks set to acquire the entire stake in Swedish commercial vehicle maker Scania for €6.7bn (£5.59bn). The company currently holds a total of 89.2 per cent of the voting rights and 62.6 per cent of the capital of Scania.

Read more

Related news:

  1. Porsche Increases Stake in VW
  2. Scania Rejects MAN Bid
  3. Ruia in Talks to Purchase German Auto Parts Maker
  4. Best opportunity: Midas CEO comments on TBC deal
/by

ATD pays up to $365 million for Terry’s Tire Town

ATD has announced it will pay $345 million, with the possibility of another $20 million depending on certain provisions, in a deal to acquire Terry’s Tire Town, US publication Tire Review reports. The deal comes fewer than three weeks after closing a deal to buy Hercules Tire & Rubber Co. The deal gives ATD 11 […]

Read more

Related news:

  1. US wholesaler expands in Canada
  2. Nokian Moving US Headquarters
  3. TGI & GITI Tire USA Announce Distribution Agreement
  4. Hercules purchase “fits very well” into ATD growth plan
/by

Nasmyth Group acquires Arden Precision

Engineering products and services supplier Nasmyth Group has acquired the trade and certain assets of Solihull-based Arden Precision. Arden provides precision machining including CNC turning, CNC milling, four and five-axis milling and 3D machining, as well as CMM inspection facilities suited to a range of components destined for aerospace applications. Peter Smith, chairman and chief […]

Read more

Related news:

  1. UK automotive sector turns over a record £69.5 billion
  2. Expansion In Eastern Europe For Tenneco
  3. Blackstone Group Buys TRW
  4. Continental to Outpace Car Growth
/by

ContiTech buys former Goodyear business Veyance Technologies for 1.4 billion euros

Continental has concluded an agreement with equity firm The Carlyle Group to purchase Veyance Technologies Inc for roughly 1.4 billion euros. Veyance operates globally in the field of rubber and plastics technology and in 2013 recorded sales of approximately 1.5 billion Euro, around 90 per cent of which were achieved outside the automotive industry. Veyance has 27 plants around the world and a workforce of about 9,000 employees at the end of 2013. The Carlyle Group announced it had bought what was formerly Goodyear’s Engineered Products division for US$1.475 billion on 23 March 2007.

Read more

Related news:

  1. Former Goodyear Division Forms China Joint Venture
  2. Will Continental Retreat from the North American Market?
  3. Austyre – engineered in Australia
  4. Conti begins Chinese run-flat production
/by

Parts Alliance reorganises leadership

,

Peter Sephton, who joined as Parts Alliance group CEO in August 2013 has announced some senior appointments. Sephton is aligning the four businesses into two regional alliances, the Western Alliance formed from GMF and CES and the Eastern Alliance, formed by SCMF and Allparts. Each Alliance will share resources, systems and best practice to accelerate growth, facilitate new branch openings, develop staff training and invest in tools to take customer service to world leading standards.

Read more

Related news:

  1. Parts Alliance acquires 3 more Unipart Automotive sites, appoints ex-Car Care head
  2. Second ex-Unipart Automotive director appointed regional Parts Alliance MD
  3. Exclusive Distribution of Alliance
  4. Parts Alliance wins £4 million Micheldever prime supply partner deal
/by

Titan still open to Goodyear Amiens Nord deal

,

This week’s agreement between Goodyear Dunlop Tires France and the CGT union over the tyre maker’s Amiens Nord factory removes the major obstacle that blocked Titan International’s acquisition of the Amiens Nord agricultural tyre business. After hearing that the two parties have buried the hatchet, Titan CEO and chairman Maurice Taylor indicated he’s once again prepared to do business.

Read more

Related news:

  1. Goodyear Amiens Nord deal ends years of tension
  2. French union wants Titan talks over Amiens Nord
  3. Titan shows renewed interest in Amiens Nord
  4. Court throws out Goodyear Amiens lawsuit
/by

Was a rival Cooper bid the elephant in Apollo’s room?

As late as 15 November, Cooper Tire & Rubber wrote in a statement that it “continues to seek the expeditious closing of the merger with Apollo Tyres.” Yet Sunam Sarkar, chief financial officer at Apollo Tyres, opines that Cooper’s fidelity as a partner was in question from the very start – a point that only came to light later on.

Read more

Related news:

  1. Court delays Cooper Chengshan anti-merger case
  2. Today is ‘D-Day’ for Cooper/Apollo deal
  3. Cooper unlikely to meet financials deadline
  4. Columnist highlights lenders’ role in Apollo/Cooper problems
/by

We see you are visiting us from China.

If you would like the latest news from the Chinese tyre industry in Chinese, visit our partner site TyrepressChina.com. Or click below to continue on Tyrepress.