Suppliers

Auto-Wares Is Buying 4 Stores From Icahn

Posted on January 7, 2020

The Auto-Wares Group of Companies is buying four Michigan retail parts stores and their associated inventory from Icahn Automotive Group LLC.

The stores are in the Metro Detroit and Kalamazoo markets. The transaction does not include Pep Boys automotive service centers.

In addition, Icahn Automotive has entered into a supply agreement with Auto-Wares to supply Pep Boys service centers.

The transaction is expected to close on or about Jan. 11, 2020, subject to customary closing conditions. Post-closing, Auto-Wares will convert and rebrand the acquired retail locations as Auto Value Parts Stores.

Icahn Automotive will continue to own and operate all of its service centers under the Pep Boys brand in Michigan and focus on serving the growing demands from the DIFM (do it for me) customer and rapidly growing fleets.

Auto-Wares President and CEO Todd Leimenstoll said: “This is a great opportunity to grow our parts business and increase our overall service levels in the Detroit and Kalamazoo markets. We recently completed a remodel and expansion of our Warren Michigan Distribution Center and we are ready to give exceptional customer service to these new locations and their customers. We welcome the new employees and customers to the Auto-Wares Family”.

Chris Cox, chief executive officer – parts for Icahn said: “Auto-Wares is an excellent partner with a strong reputation in the region, and this transaction will strengthen both organizations, while enabling us to maintain a core store footprint to support our growing service business.”

Auto-Wares is a distribution company made up of a group of privately held companies. Founded in 1976, Auto-Wares is headquartered in Grand Rapids, Mich., and operates 175 company-owned retail store locations and 13 distribution centers. The company is a source for parts and services for for over 2,300 parts stores and over 3,800 certified service centers throughout North America. The Auto-Wares Group of Companies is part of the Aftermarket Auto Parts Alliance Inc. For more information, visit www.autowares.com.

Pep Boys operates approximately 1,000 locations in 35 states and Puerto Rico, and the Pep Boy Mobile Crew service trailer, which offers automotive maintenance on location.

Icahn Automotive Group LLC consists of Pep Boys automotive aftermarket retail and service chain, Auto Plus automotive aftermarket parts distributor, Precision Tune Auto Care owned and franchised automotive service centers, and AAMCO Total Auto Care franchised service centers. The company also is the licensor of Cottman Transmission and operates under several local brands. The businesses of Icahn Automotive total over 22,000 employees, over 2,000 company-owned and franchise locations, and 25 distribution centers throughout the US, Canada, and Puerto Rico.

For more information, visit www.IcahnAutomotive.com.

Related Topics: acquisitions, Auto-Wares Group of Companies, Icahn Automotive Group

Comments ( 0 )
More Stories
Hankook says the new wide-base AH32 (left) and DL12 offer wider contact patches enabling a higher tread volume enhancing fuel efficiency, safety and performance for regional and long-haul applications.
News Hankook Has 2 New Wide-Base Tires

Hankook Tire America Corp. has added a regional all-position tire and a long-haul drive position tire to its truck and bus radial (TBR) lineup. Both the AH32 and SmartWay-approved e3 Wide DL12 are wide-base tires.

News Bridgestone Wins in Blizzak Design Protection Case

Bridgestone Corp. has won an infringement lawsuit against a pair of Chinese tire manufacturers that illegally used the tread pattern of the Blizzak DM-V1 tire.

News Time to Sign Up for the 2020 Women’s Leadership Conference

Registration is now open for the 2020 Women’s Leadership Conference set for Feb. 19-20 in Charlotte, N.C.

News Goodyear Creates AndGo: a Predictive Service for Consumer Fleets

Goodyear Tire & Rubber Co. has created a predictive service platform for consumer fleets. It's called AndGo, and it offers more than just tire service.

Steve Kinkade is bringing his automotive and communications background to Bridgestone as the new vice president of communications.
News Bridgestone Hires VP of Communications

Bridgestone Americas Inc. has hired Steve Kinkade to serve as vice president of communications.

Falken says the new Ziex ZE960 A/S high performance tire is ideal for vehicles like the BMW 3 and 4 Series, Honda Accord Sport and Tesla Model 3.
Product Falken Introduces Ziex ZE960 A/S in 53 Sizes

The new Ziex ZE960 A/S high performance all-season tire from Falken Tires is available in 53 sizes. It is designed for coupes and sedans.

Scrubs In-A-Bucket professional grade scrubbing towels are available in a 72-towel bucket, a 30-towel bucket, and a case of 100 individual towel packets
Product Permatex Offers Scrubs In-A-Bucket Cleaning Towels

Scrubs In-A-Bucket professional grade scrubbing towels are designed to easily remove dirt, grease and oil without soap and water.

Bosch says the table of the new OTC air/hydraulic powertrain lift (1595A) is adaptable from independent adjusting screws.
Product New OTC Powertrain Lift Has 2,500-Pound Capacity

The new OTC air/hydraulic powertrain lift (1595A) features a scissor-type design and has a 2,500-pound capacity.

News Petlas Rolls Out Glacier W661 for Winter Applications

Petlas Tire Corp. has introduced a new winter tire, the Glacier W661, which provides “a controlled and safe feel,” according to Petlas officials.

The new Agri Star II, which is covered by a seven-year warranty, is available in 76 sizes.
News Alliance Introduces Agri Star II Radial Farm Tire Line

The new Agri Star II radial ag tire line from Alliance Tire Americas Inc. features a unique, two-layered lug design and more biting edges.

News Goodyear Unveils Venture Capital Fund

Goodyear Tire & Rubber Co. has created a new venture capital fund, Goodyear Ventures, which “is targeted for new investments in future mobility solutions."

"In many ways, the North American market is different compared to other big markets, such as Europe," says GRI CEO Dr. Mahesha Ranasoma.
News MTD Exclusive: GRI CEO Discusses U.S. Distribution Plans

Sir Lanka-based specialty tire manufacturer Global Rubber Industries (Pvt) Ltd. (GRI) has offices in nine countries and a sales presence in more than 50 countries. That includes the United States, where the company is in the process of expanding its distribution network.

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!