Retail

AutoZone to acquire Interamerican Motor Corp.

Posted on September 2, 2014

AutoZone, Inc. announced it has entered into a definitive agreement to purchase Interamerican Motor Corp. (IMC), which was founded in 1962, currently operates 17 locations and is the second-largest distributor of OE quality import replacement parts in the United States.

The company says it has been committed to offering an extensive parts line for all European and Asian cars, and original equipment brands are at the core of the IMC parts program.

"We are excited about the IMC team joining AutoZone. The company's leadership in import car parts coverage will be an exceptional fit with AutoZone's current product assortment," said Bill Rhodes, AutoZone CEO, chairman and president.

"As we expand the IMC brand across the United States, we believe the IMC business model will mutually benefit both our retail and commercial customers. The combined offering is expected to deliver value for our customers and stockholders."

"AutoZone and IMC are a great fit," said John Mosunic, IMC's CEO. "This is a logical next step for both companies. AutoZone's national footprint, exceptional culture built on customer service, and operational expertise combined with IMC's leadership in selling to the import segment creates a powerful future growth platform."

For more information visit www.autozone.com.

Related Topics: AutoZone Inc., Bill Rhodes, Interamerican Motor Corp., John Mosunic

Comments ( 0 )
More Stories
Scott Clark says consumers are replacing tires before they're fully worn, which costs them money, and brings environmental consequences as well.
News Michelin Seeks Industry Standards for Testing of Worn Tires

Michelin North America Inc. is using its stage at the North American International Auto Show in Detroit to talk about worn tires, and the company wants tire dealers and the entire tire industry to follow its lead.

Matt Leeper from Falken Tire, left, presented a grand prize motorcycle to Ron Barlow from FTC Enterprises during the final dinner of the K&M Tire 2018 Dealer Conference.
News K&M Tire Dealers Learn Sales, Customer Service and Efficiency Tips

K&M Tire Inc. founder Ken Langhals likes to remind his 600-plus employees that a customer’s tire order one day doesn’t guarantee another order the next. And that means K&M’s annual dealer conference is an opportunity to provide dealers with help and extra services that set K&M apart from other wholesalers.

Article An Insight into Tires and Their Problems in Europe

The National Tyre Distributors Association (NTDA) recently held its annual conference, which, although traditionally staged in the UK, represents the ongoing current issues in the tire industry throughout Europe (at least until the Brexit negotiations are completed) and attracts an extensive and diverse range of delegates.

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!