AutoZone to acquire Interamerican Motor Corporation

AutoZone to acquire Interamerican Motor Corporation

AutoZone announced Sept 2 that it entered into a definitive agreement to purchase Interamerican Motor Corporation (IMC). Founded in 1962, IMC, which currently operates 17 locations, is the second largest distributor of OE quality import replacement parts in the United States.

IMC has been committed to offering an extensive parts line for all European and Asian cars. 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, Chairman, President and CEO. "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."

Wells Fargo Securities served as the exclusive financial advisor to IMC in connection with the transaction.

IMC was acquired from Wulf Gaertner Autoparts AG (WGA), Germany, a producer of replacement parts for the automotive aftermarket. WGA supplies product under the MEYLE and MEYLE HD brands for European and Asian vehicles. WGA said the sale of IMC was a strategic step for it to strengthen the focus on the production of high quality automotive replacement parts.

"With AutoZone we found an excellent new owner for IMC. This will include an enlarged distribution network for MEYLE and MEYLE HD in the U.S. market," said Dr. Karl J. Gaertner, WGA's CEO.

     

   Related items


  • MEYLE ORIGINAL parts: Quality down to the very last detail!
    The importance that small parts play in ensuring operational reliability cannot be underestimated. This is why all MEYLE parts provide the highest quality, no matter the size of the component. And this is how MEYLE helps auto-repair professionals and car drivers avoid a lot of trouble and save... Read more
  • Latest product range addition: MEYLE-HD control arms for Land Rover
    MEYLE presents its range of MEYLE-HD control arms for Land Rover models. Featuring design modifications and a hard-wearing full-rubber bushing instead of the hydro bushing of the original part, the MEYLE-HD control arm is engineered to last significantly longer than its OE equivalent. Another benefit: All MEYLE-HD parts come with a special four-year... Read more
  • New additions to the range of MEYLE-HD tie rod ends
    For years, model variety among big and heavy vehicles has been on the increase. Tie rod ends, in particular, suffer from heavy weight and poor road conditions, which is why MEYLE has made further additions to its range of technically enhanced MEYLE‑HD tie rod end... Read more
  • MEYLE adds 100 drive shafts units to fit all popular vehicle models
    Drive shafts are subject to exceptionally high load levels during operation. To help workshops meet their customers' quality requirements even better, MEYLE has added another 100 new drive shaft units to its existing... Read more
  • Ronal Group acquires APP-Tech Srl
    The Swiss Ronal GROUP, one of the world’s leading producers of light alloy wheels for cars and commercial vehicles has acquired the Italian firm APP-Tech... Read more
Comments
Login to post comments

MOD_LOGINREGISTER_LOGIN_TITLE

Remember Me