Big O Tires LLC franchisees celebrated growth in all business metrics at their annual convention April 4-5, 2017, in San Diego, Calif.
Trico Products Corp. has signed a definitive agreement under which Crowne Group LLC will acquire the company from funds managed by Kohlberg & Co. L.L.C. Trico will maintain its headquarters in Rochester Hills, Mich., and the current management team, led by Lou Braga, president and CEO. Terms of the transaction were not disclosed.
Trico is a global manufacturer, marketer and distributor of windshield wiper blades, systems and components for both the aftermarket and original equipment manufacturer segments. Trico employs approximately 2,450 people throughout the United States, Mexico, Asia, Europe, Australia and South America.
“Trico represents an excellent strategic fit for Crowne due to its balanced mix of business between aftermarket and OEM, potential for manufacturing and distribution synergies, a great infrastructure and management team,” says Stephen Graham, chief financial officer of Crowne. “We are excited to enter into a new phase of our own evolution, and we look forward to working with our new partners as we continue to successfully execute our strategy.”
The acquisition is subject to customary regulatory approvals and is expected to close in the coming months.
Crowne, headquartered in Cleveland, Ohio, is a leading manufacturer and distributor of both aftermarket and OEM component parts for the automotive and other industrial equipment markets. The business operates two divisions, Aftermarket and Original Equipment, and serves numerous leading customers including mass retail, distributors, OEM and Tier One manufacturers.
Crowne offers a diverse portfolio of products, including carbon and stainless steel tube components and fabricated products for exhaust systems, gas springs, fuel system components and injection molded plastic parts.
Since 2000, Crowne has successfully completed and integrated nine acquisitions. Crowne currently employs approximately 1,400 people and operates eight strategic manufacturing facilities in North America.
The nation’s largest network of independent tire dealers increased overall passenger and light truck tire unit sales in 2016 by 7.8% and same-store sales by 5.5%. With a net gain of 44 new Tire Pros stores last year, Ron Sinclair reminded dealers, “We have power!”
The tire pressure monitoring system (TPMS) on 2007 to 2016 GM/Cadillac Escalade Series system uses the remote control door lock receiver (RCDLR), body control module (BCM), four radio frequency (RF) transmitting pressure sensors, and the serial data circuit to perform the sensor learn mode functions.
The new BFGoodrich Winter T/A KSI from Michelin North America Inc. is designed for passenger and crossover utility vehicles (CUVs) in the Canadian market.
Registration is open for ASA Automotive Systems Inc.’s 2017 Software User Conference and Info Expo in St. Louis, Mo., scheduled for April 30 to May 2.
Bosch Automotive Service Solutions has released Bravo 2.9, the latest update to its diagnostics software for the OTC Encore professional scan tool.
Women in Auto Care, formerly the Car Care Council Women’s Board, has released a new website as part of its recent rebranding initiative.
The RNR Tire Express & Custom Wheels (RNR) franchise has added three digital platforms designed to increase lead generation, store traffic and quote assessments for franchise owners.
The new ultra-high performance (UHP) Advan A052 is Yokohama Tire Corp.’s latest street-legal and race-ready tire.
As the market for CUVs, SUVs and pickups continues to expand, Cooper Tire & Rubber Co. is updating its product lineup with the new Evolution H/T all season highway tire. It replaces the Discoverer H/T.
Bridgestone Americas Inc. celebrated the completed renovation of its Data Center in Akron, Ohio, with a grand re-opening and ribbon cutting ceremony.
The annual Geneva Motor Show in Switzerland is primarily a high profile car show presenting the very latest automotive technical advancements. It is also increasingly becoming a popular event in terms of tomorrow’s tire innovations, and once again most of Europe’s leading tire manufacturers were exhibiting this year.
The sales counter just moved. Well, it didn’t “just-move,” it’s been moving. In my early days of selling tires at retail, it all happened in a small area at the store known as the sales floor. Consumers called or visited the store where the initial details of a potential sale were discussed. Today, the initial discussion is digital. The salesperson at the store had a great deal of control because the product and pricing information resided with the salesperson at the store. Today, there’s plenty of product and pricing information available to the consumer before they call or visit.
The new ultra-high performance Advan A052 is part of Yokohama Tire Corp.’s Spring Getaway promotion, which rewards consumers with a choice of a 2016-2017 Chelsea Football Club (FC) jersey or a $60-$80 Visa prepaid card for purchases of select tires.
Hankook Tire America Corp. has hired a general counsel and public relations manager. Both are based at the company’s U.S. headquarters in Nashville, Tenn.