NEWS
GUD TO ACQUIRE APG
GUD Holdings has entered into an agreement to acquire the AutoPacific Group Under the agreement, GUD Holdings will acquire the AutoPacific Group (APG) for a total consideration of approximately $744.6 million from funds managed or advised by Pacific Equity Partners (PEP) and its other shareholders (which are associated with APG’s management). GUD’s acquisition of APG will see the Group make a meaningful step towards its vision of becoming an integrated leader in 4WD Accessories and Trailering in Australia and New Zealand (ANZ) with future export potential. The transaction is expected to complete in January 2022 and is subject to limited conditions.
“4WD accessories and trailering is a cornerstone of GUD’s automotive vision. This acquisition represents the culmination of management and the Board’s work in creating GUD’s Portfolio Vision,” GUD Managing Director and Chief Executive Officer, Graeme Whickman, said. “We are excited by the opportunity for GUD to expand its existing 4WD and Commercial Vehicle businesses with complementary products, customers, and capabilities. “APG is an industry leading designer, manufacturer and distributor of high-quality, engineered and functional automotive and lifestyle accessories that are suitable for all combustion and electric vehicle applications”. The synergistic acquisition represents an opportunity for GUD to expand its existing 4WD and Commercial Vehicle businesses with complementary products, customers and capabilities and further increases the mix of powertrain-agnostic products in GUD’s automotive portfolio. “APG represents a portfolio of market leading brands and has longstanding customer relationships across diverse channels,” APG Chief Executive Officer, Jason Kieseker, said.
“With innovation at the heart of what we do, we see GUD as a natural fit for APG and we look forward to leveraging the synergistic opportunities that joining with GUD presents.” GUD Chairman, Graeme Billings, commented that “the combination of GUD’s existing businesses and APG, firmly establishes GUD as a leader in 4WD Accessories and Trailering in Australia and New Zealand. We see ourselves as the natural owner of the APG business and welcome Jason Kieseker and his team to GUD.” For more from GUD Holdings, visit www.gud.com.au
EIFFEL LUBRICANTS ANNOUNCES AUSTRALIAN DISTRIBUTOR Lectroni Pty Ltd has been announced as the Australian Distributor for the Eiffel Lubricants range Based in the UAE in the MENA region, Eiffel is a leading lubricant (Automotive, Commercial Vehicle, Marine, Greases, Industrial and Specialty Lubricants) and grease manufacturer with more than 1,000 products. It says it produces the “highest quality lubricants at the most competitive market prices.” It exports to more than 40 countries across North America, South America, Australia, Europe, Middle East, Asia, and African regions. Lectroni Pty Ltd has been announced as the Australian distributor of the Eiffel Lubricants range. “It’s a huge privilege to be associated with such a reputed international brand that has a very comprehensive range of lubricants blended from the finest grade base stock procured from world class Exxon Mobil and European refineries and technologically advanced superior additives industry giants Lubrizol and Afton meeting specifications of major OEMs and highest standards of API, MIL, European and Japanese manufacturers,” Lectroni Pty Ltd Founder and Director, Sayeed Aslam, said.
Since 2004 Burj Eiffel Int. Lubricants Ind. LLC with its brand name “Eiffel” has reportedly established itself as an organisation focused on quality, innovation, and customer centricity with its facilities being ISO 9001- 2008 certified indicating its rigorous emphasis and commitment to quality. Eiffel has multiple state of the art facilities for blending and filling of lubricants and greases in UAE, India, and Kenya, with an installed capacity of blending and filling more than 40,000 MT of lubricants, 16,000 MT of greases and 6,000 MT of viscosity improvers per annum. As the industry moves closer to Electric Vehicles, Eiffel says it is at the forefront of this industry change and innovation by continuously investing in research and development of lubricants that will cater to the electric vehicle revolution and contribute towards attaining a sustainable environment solution. Eiffel offers 62 API Licensed Products in the engine oil category for passenger cars and the commercial vehicle segment. Its products are approved by major OEMs such as Porsche,
Volkswagen, Mercedes Benz, Man, Volvo, Mack and Renault. Products are available in all packing, small to bulk and Eiffel is committed to supplying orders within a lead time of delivery while assuring the best quality and services. It also offers private label brand production, providing complete end to end solutions from design to delivery. For more information, visit www.eiffellubricants.com.au Australian Automotive Aftermarket Magazine February 2022
19
