Klarius Group Acquires Quinton Hazell Group From US-based Affinia Group Inc.
By Klarius Group Ltd., PRNEMonday, February 1, 2010
Videos are Available as .flv (Flash) Downloads, Click on an Image to go to Download page https://www.klarius-QH.com
MANCHESTER, England, February 2 - On the 1st of February 2010, Klarius, Europe's fastest growing automotive
aftermarket manufacturing and distribution business completed the purchase of
the Quinton Hazell automotive group (QH) from US-based Affinia, boosting the
Group's annual turnover to over EUR416million.
To view the Multimedia News Release, please click:
multivu.prnewswire.com/mnr/klarius/42196/
Quinton Hazell is headquartered in Leicester, England with strong
manufacturing and distribution assets in France, Germany, Italy and Spain.
The purchase brings a wide range of well known automotive aftermarket and OEM
brands together, combining extensive manufacturing resources from both
companies with global sales and distribution networks.
"This acquisition is ideal for both companies as Quinton Hazell products
are largely complementary to the existing Klarius range - with very little
crossover," said Klarius Chairman, Tony Wilson. "We have the opportunity to
grow the business in two ways: by developing new channels for our wider
product range globally; and by exploiting our existing channels to the full,
by providing customers with a wider range of quality products from a single
source."
As a privately owned concern, Klarius believes it is better placed to be
flexible in terms of product and business development; focussing on strategic
investment in increasing efficiency and optimising production rather than
being driven by short-term shareholder returns. The new business has the
potential for significant growth and a management team with a strong track
record on delivering both profitability and sales growth.
By adding the extensive Quinton Hazell product range to its portfolio,
Klarius now offers over 100,000 parts, covering the majority of the European
Car Parc, supplying over 40,000 parts every day, to over 5000 delivery points
in more than 136 countries.
The combined product range includes: - Engine electrics, cooling system parts, pumps, filters and drive belts. - The complete emission control system: catalytic converters, diesel particulate filters, exhausts, silencers and lambda sensors. - Key drive-train components including: clutches, bearings, suspension and braking systems, as well as a huge range of accessories.
Klarius and QH Group combined offer a range of prestigious brands which
now come under Klarius Group Company:
- Quinton Hazell - Lip (Lipmesa) - Commercial Ignition - Krooklok -
Moprod - Friesen
This also includes the distribution of Wix (Big X in Germany) filter
products and FTE Automotive products in Europe.
Klarius Group was advised on the acquisition by the Manchester office of
law firm Hill Dickinson. The company has also agreed a new funding structure
with Burdale Financial, the asset finance arm of Bank of Ireland. It will
replace the firm's existing funders, Landsbanki Commercial Finance.
Manchester based Ford Campbell acted for Klarius on the deal.
More information is available from the official launch website at
www.Klarius-QH.com where visitors can watch interviews with each of
the directors.
About the Klarius Group
Formed in 2007, the Klarius Group has 645
employees across Europe; Klarius operates three manufacturing production
facilities and a research and development facility located in the UK. Added
to that are European warehousing and four strong independent distribution
platforms: in the UK, France, Germany and Spain. The Klarius technical centre
has its own approved test track (the only parts manufacturer to have one) for
undertaking type approval of parts. See www.klarius.eu for more
information on Klarius
About Quinton Hazell
Quinton Hazell's success in the supply of original
equipment reflects the company's consistently high standards across the whole
product range. QH have over 800 employees across Europe. QH products are
fitted to the latest generation of vehicles on the production line and the
OE/OES sales team has the knowledge and experience to work with vehicle
manufacturers, including their recognised aftermarket service operations,
from concept to delivery. See www.qha.com for more information on
Quinton Hazell.
Visit the DMA Europa website for the full text in PDF format and the
associated high resolution image and video files: www.DMAEuropa.com
Editorial contact: DMA Europa Ltd. : Roland Renshaw Tel: +44(0)1299-05454
Web: www.dmaeuropa.com Email: roland@dmaeuropa.com Address: 2nd
Floor, SnuffMill Warehouse, Park Lane, Bewdley, Worcestershire, DY12 2EL, UK
Klarius contact: Klarius Group Ltd. : Véronique Auger Tel:
+44(0)1524-751 292 Web: www.klarius.eu Email:
Veronique.Auger@Klarius.EU Address: HQ Klarius Group Ltd. Glasson Dock,
Lancaster, LA2 0DA, UK
multivu.prnewswire.com/mnr/klarius/42196/
Editorial contact: DMA Europa Ltd. : Roland Renshaw, Tel: +44(0)1299-05454, Web: www.dmaeuropa.com, Email: roland at dmaeuropa.com, Address: 2nd
Floor, SnuffMill Warehouse, Park Lane, Bewdley, Worcestershire, DY12 2EL, UK; Klarius contact: Klarius Group Ltd. : Véronique Auger Tel: +44(0)1524-751, 292 Web: www.klarius.eu, Email: Veronique.Auger at Klarius.EU, Address: HQ Klarius Group Ltd. Glasson Dock, Lancaster, LA2 0DA, UK
Tags: England, Klarius Group Ltd., Manchester, United Kingdom
March 8, 2010: 3:56 pm
Always good to see, this was really a brilliant post. In theory would like to be such a good writer too. It takes time to creat that excellent and in addition real effort to write a brilliant article. |
Finanzblog