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By partsman
Advance Auto Parts announced today, as part of their Q3 earnings release, that they are initiatiating the sale of their Worldpac and Canadian businesses (operates under Carquest).
Strategic Review Update
The company has initiated separate sale processes for the potential divestiture of Worldpac and the company’s Canada business. Worldpac, a leading automotive wholesale distributor of original equipment and aftermarket parts for all makes/all models, is highly recognized for its world class technology, catalog, product brand assortment and training. The company's Canadian business, which predominantly serves commercial customers, goes to market under the Carquest banner.
The company has engaged Centerview Partners to assist in the sale processes. The company has not set a timetable for the conclusion of the sale processes and does not intend to comment on or provide updates regarding these matters unless and until the processes are concluded or it determines that further disclosure is appropriate or required.
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By Counterman
Fenix Parent LLC, operating as
link hidden, please login to view, a Hurst, Texas-based recycler and reseller of OEM automotive parts, announced it has completed its acquisition of the assets of Brothers Auto Parts in Indianapolis. Brothers is a full-service automotive recycler servicing the Indianapolis market. This is Fenix Parts’ sixth acquisition in the Midwest, bringing Fenix’s location count to 24 full-service and five self-service locations.
“We are pleased to announce the acquisition of Brothers and excited about the addition of its experienced and talented team to the Fenix family,” said Bill Stevens, CEO of Fenix Parts. “This acquisition expands our Midwest footprint westward and leverages our existing Midwest distribution network to increase regional production. With a location in the ‘Crossroads of America,’ Fenix gains distribution and logistics access to multiple Midwestern markets as we continue to grow our business.”
Stevens added: “I want to give a special welcome to the team at Brothers. Brothers has been in the auto-recycling business for over 35 years, and we are excited to have Jeremiah Johnson join Fenix to support our continued growth in the area as our general manager of Fenix Parts Indianapolis.”
Fenix Parts continues to pursue opportunities that align with its strategic-development plans. Current auto-recycling owners interested in learning more about Fenix’s acquisition process should contact the company at [email protected].
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By Counterman
Continental announced that the NightViu premium line of professional driving and working lights will be made available to consumer markets, including off-road enthusiasts, recreational vehicles (RVs) and marine.
Originally designed for use on construction, mining and off-highway equipment, “the NightViu lighting line provides a level of rugged design, durability and performance not normally seen in consumer-lighting products,” according to Continental.
Built to withstand extreme temperatures, vibration, dust and moisture, NightViu lights feature advanced LED technology that provides excellent lighting performance and exceptional energy efficiency, according to the company.
NightViu driving lights provide a focused beam of light for long-distance illumination. They’re ideal for applications such as desert/rally racing or any activity where maximum beam distance is required, Continental noted.
NightViu working lights provide beams that are shorter but wider. This makes them suitable for applications such as rock crawling, lighting up pickup beds and sport fishing boats.
“The NightViu line was created for some of the toughest applications you can imagine including mining, construction and agriculture,” said Edwin Betancourt Jr., product manager, Continental. “Some might consider them over-engineered for consumer applications, but we believe there are folks out there who simply want the best they can get for their lighting. That’s why we’ve decided to make NightViu available for off-road enthusiasts, RV owners, and others who want a professional level light source for their off-road activities. These lights can be used for ATVs, UTVs and SUVs, as well as Jeeps, snowmobiles, work trucks and even riding lawnmowers and go-karts. The build quality and housing seals make them suitable for marine applications as well including blue-water cruising and fishing.”
NightViu working lights are available in a choice of ultra-wide, wide, flood and spot beam patterns.
Each of the beam patterns is offered in a choice of 1,500, 2,500, 3,500 and 4,500 lumen performance for a total of 16 lights in the NightViu range of working lights.
NightViu driving lights are available in a variety of designs and configurations including five light bars, three multifunctional lights and two reversing lights. They provide up to 5,500 lumens and a beam field length of up to 440 meters. The lights feature free-form curved reflectors that direct the light beam exactly where it’s needed.
NightViu Lights are built to withstand temperatures ranging from minus 40 F to 194 F and are rated IP68 for ingress protection (IP) from dust and water. They produce approximately 100 lumens per watt and have been designed to ensure that they do not create electrical interference that could affect the vehicles existing electronics.
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