Parts Plus Acquires J&J Auto Parts
Parts Plus of New Mexico has announced that it has acquired the assets of J&J Auto Parts, a federated distributor in Albuquerque.
President of the Automotive Distribution Network Mike Lambert, who led the Press Release, disclosed the ramifications of such a development: “Our group has seen a lot of expansion into additional markets over the last couple of years. Our members are now in a position to concentrate and strengthen their hold in various communities.”
To allay any fears, Parts Plus assured the public that this buyout would produce no casualties. The existing location of the former J&J Auto Parts would be transformed into a satellite warehouse, while the existing employees left behind would be retained to manage said depot.
But more than that, Parts Plus is very satisfied with the acquisition as it equates to better business. With a new territory, the company is provided access to a whole new prospective market previously not penetrated.
Adam Honegger, CEO of Parts Plus New Mexico, further confirms: “This expansion will enable Parts Plus of New Mexico to increase our market share and strengthen the Parts Plus name throughout Albuquerque. This is our biggest acquisition over the past several years, and it will be a good springboard for future growth in New Mexico.”