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By Auto News
RALEIGH, N.C. & HOFFMAN ESTATES, Ill.--(BUSINESS WIRE)--Dec. 23, 2019-- Advance Auto Parts, Inc. (NYSE: AAP) has acquired the DieHard brand from Transform Holdco LLC (“Transformco”), for $200 million utilizing cash on hand.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20191223005397/en/
(Photo: Business Wire)
This asset acquisition will give Advance the right to sell DieHard batteries, the most trusted brand in the automotive battery category, and enables Advance to extend the DieHard brand into other automotive and vehicular categories. In addition, the deal allows Transformco to sell DieHard brand batteries through its existing channels pursuant to a supply agreement with Advance. Advance is also granting Transformco an exclusive royalty-free, perpetual license to develop, market, and sell DieHard branded products in non-automotive categories.
“We are excited to acquire global ownership of an iconic American brand. DieHard will help differentiate Advance, drive increased DIY customer traffic and build a unique value proposition for our Professional customers and Independent Carquest partners. DieHard has the highest brand awareness and regard of any automotive battery brand in North America and will enable Advance to build a leadership position within the critical battery category,” said Tom Greco, president and CEO, Advance Auto Parts. “DieHard stands for durability and reliability and we will strengthen and leverage the brand in other battery categories, such as marine and recreational vehicles. We also see opportunities to extend DieHard in other automotive categories. We remain committed to providing our customers with high-quality products and excellent service. The addition of DieHard to our industry leading assortment of national brands, OE parts and owned brands will enable us to differentiate Advance and drive significant long-term shareholder value.”
“DieHard is among the most successful and one of the most widely trusted brands in the auto industry, and we have long believed that the brand has even more potential,” said Peter Boutros, President of Transformco’s Kenmore, Craftsman and DieHard business unit. “DieHard revolutionized the automotive battery category when it launched in 1967, and has continued to be a leader in the category. Advance Auto Parts’ acquisition of this iconic American brand will complement our plans to introduce new DieHard products in non-automotive categories such as sporting goods, lawn and garden, authentic work wear and other exciting new categories.”
About Advance Auto Parts
Advance Auto Parts, Inc. is a leading automotive aftermarket parts provider that serves both professional installer and do-it-yourself customers. As of October 5, 2019, Advance operated 4,891 stores and 152 Worldpac branches in the United States, Canada, Puerto Rico and the U.S. Virgin Islands. The Company also serves 1,260 independently owned Carquest branded stores across these locations in addition to Mexico, the Bahamas, Turks and Caicos and British Virgin Islands. Additional information about Advance, including employment opportunities, customer services, and online shopping for parts, accessories and other offerings can be found at www.AdvanceAutoParts.com.
Transform Holdco LLC is a leading integrated retailer focused on seamlessly connecting the digital and physical shopping experiences to serve its members – wherever, whenever and however they want to shop. Transformco is home to Shop Your Way®, a social shopping platform offering members rewards for shopping at Sears, Kmart and other retail partners. Transformco operates through its subsidiaries with full-line and specialty retail stores across the United States.
Certain statements in this report are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, may be forward-looking statements. Forward-looking statements address future events or developments, and typically use words such as “believe,” “anticipate,” “expect,” “intend,” “plan,” “forecast,” “guidance,” “outlook” or “estimate” or similar expressions. These forward-looking statements include, but are not limited to, statements related to the benefits or other effects of the acquisition, statements regarding expected growth and future performance of the Company, and all other statements that are not statements of historical facts. These statements are based upon assessments and assumptions of management in light of historical results and trends, current conditions and potential future developments that often involve judgment, estimates, assumptions and projections. Forward-looking statements reflect current views about the Company's plans, strategies and prospects, which are based on information currently available as of the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements. Please refer to the risk factors discussed in "Item 1a. Risk Factors" in the Company's most recent Annual Report on Form 10-K, as updated by its Quarterly Reports on Form 10-Q and other filings made by the Company with the Securities and Exchange Commission, for additional factors that could materially affect the Company’s actual results. Forward-looking statements are subject to risks and uncertainties, many of which are outside its control, which could cause actual results to differ materially from these statements. Therefore, you should not place undue reliance on those statements.
View source version on businesswire.com: https://www.businesswire.com/news/home/20191223005397/en/
Source: Advance Auto Parts, Inc.
Advance Auto Parts:
T: (984) 389-7207
E: [email protected]
T: (919) 227-5466
E: [email protected]
T: (847) 286-9036
E: [email protected]
Autel has released digital versions of its product catalogs.
The full tool catalog, TPMS catalog and ADAS-focused 12-page brochure now can be viewed on a PC, tablet or smartphone. Files of the catalogs can be shared and downloaded to facilitate communication between sales reps and customers about Autel products.
The full tool catalog features the latest Autel product lines. ADAS, MaxiSYS, TPMS, MaxiCHECK, MaxiDIAG, AutoLINK and MaxiVIDEO tools all get the spotlight on their respective spreads. Featured software and hardware specs are highlighted, serving as a valuable overview of what Autel is all about.
The TPMS catalog has a split focus on the Autel TPMS service tools as well tire sensors and other TPMS accessories. Autel’s newest items, the TS508WF and adjustable angle 1-Sensor, make their print debut, along with new 8, 20 and 240 1-Sensor bulk packs.
“The TPMS catalog is a must-have reference for any Autel carrying-shop,” the company said.
The ADAS brochure is an in-depth look into Autel’s ADAS calibration packages. With the brochure, customers can learn the benefits of performing ADAS in-house and find the best package for their shop and budget.
By Auto News
Strategic Omnichannel Partnership to Deliver a New Level of Convenience in Aftermarket Automotive Parts Shopping BENTONVILLE, Ark. & ROANOKE, Va.--(BUSINESS WIRE)--Oct. 16, 2018-- Walmart.com and Advance Auto Parts, Inc. (NYSE: AAP), a leading automotive aftermarket parts provider in North America, today announced a comprehensive, strategic partnership that will create an automotive specialty store on Walmart.com. Expected to begin rolling out in the first half of 2019, the new omnichannel shopping experience will provide customers with access to Advance’s extensive portfolio of aftermarket automotive parts, accessories a...
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If you weren’t able to attend AAPEX in Las Vegas, don’t despair:
Babcox Media brings you two of the most exciting publications
available to show attendees - the Show Daily and Product Plus.
Click on the image to launch your
Product Plus digital edition
Product Plus brings you exciting products introduced at the AAPEX show as well as various award winners in several product categories.
Click on the AAPEX Express images to launch your daily digital editions (L to R: Day 1, Day 2, Day 3)
The Show Daily recaps each day of AAPEX, packed with news on award recipients, training opportunities and other show highlights.
Open to the public and available for all channels of the aftermarket, Dorman University provides Web-based access to product training related to Dorman’s growing categories and product offering.
Dorman says signing up for its new training is both easy and free. After visiting www.DormanUniversity.com and enrolling in the program, students can begin selecting from a wide variety of available course content including:
· An introduction to Hybrid Drive Batteries
· Highlights from Dorman’s latest Service Dealer Guide
· An overview of Dorman’s TPMS program
· An overview of the diesel parts market
· Highlights from Dorman’s latest Heavy Duty New Product Guide
· New training modules added often
Each training module consists of course materials that can be downloaded for easy reference, learning content such as videos or presentations, a brief quiz on the course materials, an opportunity to earn a certificate of completion and a closing review summary.
Enroll today to start participating in Dorman University.
For additional information on Dorman’s latest product introductions, visit www.DormanProducts.com or call 800-523-2492. Also available on the company’s website are links to the Dorman Products signup and links to the company’s Facebook, Twitter and YouTube channels.