3M Acquires K&H Surface Technologies Pty. Ltd.
3M announced today it has acquired K&H Surface Technologies Pty. Ltd., an Australia-based manufacturing company specializing in a range of products for the automotive refinish markets. Terms of the transaction were not disclosed. K&H employs about 60 people at its Melbourne headquarters. K&H’s surface preparation and auto retail products, body fillers and mold release agents
Lithia Motors Plans to Drop Up to 15 Stores Around U.S.
According to a report out of The Register-Guard of Eugene, Ore., new/used car dealer and body shop consolidator Lithia Motors is pursuing a major restructuring, including selling 10 to 15 stores, due to lower sales. “As the economic environment has worsened, we have taken a comprehensive look at our business and determined how it can
LKQ Corporation Reports Record Revenues
LKQ Corporation today announced results for its first quarter ended March 31, 2008, with revenue of $491.9 million, net income of $30.9 million and diluted earnings per share of $0.22. "We reported record revenue and earnings for the quarter with revenue growth at 109 percent and net income growth at just over 95 percent," said
Antitrust
‘Antitrust’ is spoken of frequently in the collision repair industry but is still often
misunderstood. Here’s a clear definition of what it is and how it relates to insurer- repairer business relations.
Sold!
“How do you evaluate and sell your business?”
Going Head to Head
Collision repair consolidators seem focused on customer service as opposed to offering insurance companies even lower repair costs. They’re also concentrated on honing their operations to a razor sharp state of efficiency (which, incidentally, will lower repair costs).
Sold: Have You Ever Wondered What Happens to Shop Owners Who Sell Their Businesses?
Part four of a five-part series.
The Incredible Shrinking Industry
After a buying spree in the late ’90s and a struggle to integrate acquired shops into a “corporate” culture, consolidators are getting back on track and preparing to grow again. But this isn’t a death sentence for all independents.
Las Vegas or Bust: NACE 2001
NACE 2001 hits the jackpot with a solid line-up of seminars, a new action demonstration arena and entertainment by comedian Jay Leno.
Getting Their Hands Dirty
Getting Their Hands Dirty, Charlie Barone, BodyShop Business, July 2001
