Meyer Distributing Acquires P&E Distributors
Meyer Distributing—the automotive specialty products marketing and distribution provider based in Jasper, Indiana—has acquired Performance & Electronics (P&E) Distributors headquartered in Goodlettsville, Tennessee. P&E, a family-owned and operated business for more than 55 years, is the distributor of wholesale automotive aftermarket accessories and a two-time SEMA Warehouse Distributor of the Year. The announcement strengthens Meyer Distributing's position in 12-volt automotive and more markets.
In more Meyer Distributing news, the provider has also announced a new Albany, New York, location. The cross-dock will have a direct, next-day feed from Meyer's East Hanover, New Jersey, distribution hub which houses one of the largest inventories of automotive accessories, exhaust, and RV parts in the region. For more information, visit meyerdistributing.com.
Third Annual Hood Master Challenge to Be Held Downtown Indianapolis on October 7
Collision-repair students in high school and college will repair, design and paint retired bowling pins for a chance to win industry-related prizes that help better prepare them for their careers in the automotive industry.
FinishMaster has announced the third annual Hood Master Challenge, PiN Master Student Challenge and annual fundraiser for students—free and open to the public—Friday, October 7, at the Alexander Hotel in downtown Indianapolis from 6:00 p.m.–8:00 p.m. Experience the art exhibit atmosphere showcasing talent from all over the country, complete with painted mini car hoods from industry painters and refinished and painted bowling pins from collision-repair students.
Through the support of Collision Repair Education Foundation (CREF)—a national nonprofit organization that supports and gives back to high-school and college collision school programs—FinishMaster will host the PiN Master challenge again at Hood Master. Collision-repair students in high school and college will repair, design and paint retired bowling pins for a chance to win industry-related prizes that help better prepare them for their careers in the automotive industry. Hood Master attendees will also be able to help support CREF while at the event through the FinishMaster Fundraiser. All proceeds from the evening’s event will go directly to a FinishMaster educational grant for CREF to support collision repair programs in need. Attendees are asked to reserve their spot. For more information, visit www.finishmaster.com/hood-master-challenge.
Mullen Automotive Acquires Controlling Interest in EV Truck Innovator Bollinger Motors Inc.
Mullen Automotive Inc., an emerging electric vehicle (EV) manufacturer, has announced its acquisition of a controlling interest in EV truck innovator Bollinger Motors. This is Mullen’s first EV acquisition and propels the company into the medium-duty truck classes 3–6, along with the B1 and B2 sport-utility trucks. The purchase price is $148.2 million in cash and stock for a 60% controlling interest, which gives Mullen the majority ownership of Bollinger Motors Inc. and positions Bollinger to capture the electric sport-utility and commercial vehicle markets.
Stertil-Koni Promotes Christine Coulson to General Accountant
Stertil-Koni has announced that Christine Coulson has been promoted to general accountant, based in the company’s North American headquarters location in Stevensville, Maryland. In her new post, Coulson will be responsible for activities that span payroll, health insurance, 401K administration, personnel administration and various corporate compliance matters and accounting responsibilities. Coulson, who joined Stertil-Koni in 2017, previously served in a senior role as retirement plan specialist for T. Rowe Price.
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