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SMP to Acquire European Supplier Nissens Automotive
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By abiztime
Recently, Longkou Lihe Machinery Parts Co., Ltd. was honored with the "Supplier of the Year" award by its client, in recognition of its outstanding product quality, exceptional service standards, and deep collaboration with its partners. This marks the first time the client has ever presented this prestigious award to a supplier.
As a long-term strategic partner, Longkou Lihe Machinery Parts Co., Ltd. has consistently delivered high-quality brake discs and brake drums through efficient supply chain management, advanced manufacturing techniques, and a rapid response to customer needs. These efforts have fully supported the client’s business growth in global markets.
This achievement reflects the company’s relentless pursuit of lean production and continuous improvement. By strengthening its quality management systems, optimizing production processes, and embracing advanced manufacturing technologies, Lihe has provided increasingly competitive products to its customers. Additionally, the company remains steadfast in its customer-centric approach, addressing challenges promptly and meeting demands effectively, earning the client’s trust and recognition.
General Manager of Longkou Lihe Mechanical Parts Co., Ltd., expressed his gratitude: “We are deeply honored to receive the ‘Supplier of the Year’ award. This is not only a recognition of our past efforts but also a motivation for future development. We will continue to uphold our principles of quality first and service excellence, working hand in hand with our partners to create greater value for the global braking system industry.”
Introduction of LONGKOU Lihe Machinery Parts Co., Ltd. (website: rdbrake)
The factory is located in the Youth Science and Technology Entrepreneurship Park, Shandong Province, China. It is a high-tech enterprise integrating the design, producing and exporting of automobile brake discs and brake hubs. The annual output reaches 3.8 million, of which 70% of the products are exported, and 30% are matched with domestic automobile manufacturers.
The company covers an area of 60,000 square meters with 200 employees, including 69 employees with college degree or above, 43 professional and technical personnels (1 expert, 3 senior engineers, 8 engineers, and 18 technical staff). Strong technical strength has laid a solid foundation for product research, development and quality control.
The company consists of 8 functional departments and four workshops (casting, rough machining, fine machining, and packaging). have successively obtained ISO/9001, IATF16949:2016, ISO/14001, ISO/18001 and ECE-R90 quality system certification.
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By Counterman
link hidden, please login to view announced the completion of the previously announced acquisition of AX V Nissens III APS ( link hidden, please login to view), European manufacturer and distributor of aftermarket engine cooling and air conditioning products with a growing array of vehicle control technologies. Under the terms of the agreement, SMP has acquired all the issued and outstanding shares of Nissens for approximately $390 million (€360 million), net of cash and assumed debt and subject to post-closing adjustments, from Nordic private equity firm Axcel and the Nissen family, according to a news release announcing the acquisition.
“We are very pleased to announce the closing of the Nissens acquisition. With this combination, we create an aftermarket leader in North America and Europe across our key product categories. The strength of Nissens’ leadership team and overall cultural fit will allow for immediate collaboration on opportunities for growth through cross-selling as well as bi-directional synergies with significant savings potential. We welcome Nissens and its employees to the SMP family,” said Eric Sills,
link hidden, please login to view‘ chairman and CEO. The post
link hidden, please login to view appeared first on link hidden, please login to view.
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By OReilly Auto Parts
SPRINGFIELD, Mo., Oct. 23, 2024 (GLOBE NEWSWIRE) -- O’Reilly Automotive, Inc. (the “Company” or “O’Reilly”) (Nasdaq: ORLY), a leading retailer in the automotive aftermarket industry, today announced record revenue and earnings for its third quarter ended September 30, 2024.
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By Hardik Patel
Looking for top-quality automotive and marine parts at unbeatable prices? Sherco Auto and Marine Supply has been a reliable source for Automotive Parts & Accessories, Electrical Wiring Supplies, Tire Supplies, and more for over 30 years!
We offer a full range of American-made products, including:
Wire Connectors & Terminals Heat Shrink Products Copper Battery Cables Cable Zip Ties Tire Patches & Plugs Valve Stems & Air Line Fittings All of our wiring supplies are made in the USA and come at the lowest prices online. We also stock shop and repair products to meet your every need.
For quality you can trust and prices you can afford, visit link hidden, please login to view today!
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