Goodson Tools Acquires Goodtool Brake Service Tools & Supplies
Goodtool Brake Service Tools & Supplies has been supplying brake service companies with replacement parts, cutting tips, silencers and more for brake lathes since 1996. With the acquisition, Goodtool’s product lines will be available as a brand from Goodson Tools & Supplies. Dave Monyhan, Goodson sales manager said of the acquisition: “It just makes sense.
LKQ
Peter Butterfield, regional vice president of LKQ Remanufacturing, says the purchase of ATK North America (Dallas,TX), PROFormance Powertrain Products (Springfield, MO) and Yamato Engine Specialists (Bellingham, WA) are a sign of continued industry consolidation but one that should, in the long run, benefit the entire industry. “It’s no secret that this industry has contracted dramatically
PRI Offers Race Engine Builders Opportunities to Increase Efficiencies, Profit in 2012
The PRI Trade Show is being held December 1-3, 2011, in the North/South Building of the Orange County Convention Center, in Orlando, Fla. It is open to the racing trade only. You must be part of a racing business or professional race team to gain admission. “The PRI Trade Show is where you go when
Cometic Hosts Stunt Team and NASCAR Driver at Reception
Cometic Gasket, Inc., in Concord, Ohio, recently held a reception to showcase the new expansion of their home office due to the acquisitions of Delkron and Advanced Sleeve. Cometic Gasket, Inc. has grown into a leading worldwide supplier of custom and short-run gaskets for the motorsports industry, including ATV, drag race, domestic automotive, Harley-Davidson, MX/dirt,
2011 IMIS To Include Exhibitor-Hosted Tech and Business Seminars
The International Motorsports Industry Show (IMIS) Industry Seminar Series is designed with the attendee in mind to give concise but concentrated information each day. Show?attendees are encouraged to build a schedule that is designed around their needs and interests. IMIS Industry Seminars are hosted by show exhibitors and divided into categories that easily allow attendees
Does Ignition Tuning Still Matter? Things You Need To Know
Spark plugs never foul out anymore, and the old term “it’s breaking up at high rpm” has literally disappeared from the racer’s vernacular. And now thanks to digital electronics, even the spark advance curve can be programmed on a laptop computer instead of adjusting weights and springs that fly around inside of a distributor. How
JASPER Acquires Canam Marketing for Stronger USPS Parts Presence
The Jasper Engine & Transmission Exchange Employee Stock Ownership Program (ESOP) has acquired Canam Marketing Corporation. Canam Marketing will be operated by JASPER’s sister company, Jasper Innovative Solutions, as the company strives to increase its presence in the United States Postal Service parts market. “The acquisition of Canam Marketing will be a great addition to
SuperFlow Technologies To Merge With Dynamic Test Systems
“We are very excited to offer DTS dynamometers along with our existing SuperFlow dynos," said Scott Giles, CEO of SuperFlow. “We have always had a high level of respect for their designs and equipment and we’re expecting great things moving forward." Steve Matthiesen, vice president of sales and marketing explained the vision for the merger,
Must Have Tools For Engine Building Glory
While engine builders still need a fair share of box end wrenches and screwdrivers, we have assumed you didn’t make it this far without these necessities. Instead, we will focus on the specialty tools and equipment you need to get the job done and out the door to your customer. We talked to tool suppliers
Berkshire Hathaway to Acquire Lubrizol
Berkshire Hathaway Inc. and The Lubrizol Corp.have announced a definitive agreement for Berkshire Hathaway to acquire100 percent of outstanding Lubrizol shares for $135 per share in anall-cash transaction. The transaction, which was unanimously approvedby the board of directors of each company, is valued at approximately$9.7 billion, including approximately $0.7 billion in net debt, makingit one
Dyno Decisions Depend on Business Model
If you need a dyno only three or four times a year, you’re probably better off renting dyno time from another facility. If you build race engines for a living, an engine dyno is an essential part of how you do your job and ultimately the value you provide to your customer. So what are
Federal-Mogul Reports Strong Fourth Quarter 2010 and Full-Year Results
Federal-Mogul Corp. has reported higher sales, gross margin, net income and EBITDA for the fourth quarter and full-year 2010. The company’s sales in the fourth quarter increased $180 million to $1.6 billion with growth in all business segments and all markets, led by a 20 percent OE and 12 percent U.S. aftermarket sales increase versus
Sprint Car Piston Design and Other Topics Discussed at the 21st AETC
People always ask what I get out of going to AETC? The simple 30 second elevator answer is you take the smartest people you know, or have ever met, and throw them all in a room together for three days and see what comes out of it. It usually doesn’t disappoint. As expected, a lot
LKQ Corp Acquires PROFormance Power Train, Other Businesses
The acquired businesses facilitate the geographic expansion of LKQ’s operations across Canada, provide an entry into the engine remanufacturing industry, expand its wholesale collision product lines, and add new wholesale recycling and self-service retail locations. On a combined basis, the acquired businesses have annual revenue of approximately $100 million. In addition to the acquisition of
SuperFlow Moves Into New Building
The new building will allow SuperFlow to further develop their industry leading engine dynamometers, chassis dynamometers and flowbenches as well as offer a customer education program that is second to none. The building features two state of the art SuperFlow engine dynamometers and an SF-1020 SuperBench for product demonstrations and training. Located directly next to
Clearing The Confusion Concerning GM Gen III Crankshafts
Both Doug Anderson and I have written a number of articles and columns about these engines, but for some reason I continue to hear about the difficulties. So it’s time to go back to the basics, start from the beginning and review the old and add some new things that have come along. The first
Prestolite Performance Acquires Quicktime Inc.
Prestolite Performance, a performance auto parts manufacturer of brands including Lakewood, Mr. Gasket, Hays, ACCEL, and Mallory has acquired the business of QuickTime, Inc., a leading manufacturer of lightweight bellhousings and racing accessories. “With the combination of QuickTime and Lakewood, Prestolite Performance offers the broadest line of bellhousing applications ranging from traditional formed steel
Sulzer Acquires Diamond-like Carbon Coatings Division from Bekaert
The DLC division of Bekaert has been acquired by Sulzer Metco, a leading global supplier of services and products for surface solutions, covering thermal-spray and thin-film coating technologies. The acquisition, which includes Bekaert’s diamond-like carbon (DLC) coatings and racing activities, will deliver significant technological benefits to Sulzer and Bekaert customers, as both companies have a
Holley Performance Reorganizes and Emerges From Chapter 11 Bankruptcy
As a result of the reorganization, Holley reduced its debt by over $59 million and obtained new credit arrangements including a revolving credit facility that provides the company with substantial flexibility to pursue its growth initiatives. According to the company’s Chief Executive Officer, Tom Tomlinson, “Holley has emerged with an extraordinarily strong balance sheet which
Respect Between Shops and Stores Strengthens Both
I have been lucky enough to make sales calls on hundreds of machine shops over the past 30-plus years. Some are still here today and sadly, some are not. In that time I have met a few machine shop owners who were hard working and quite successful. They put in their years, formed an exit