SEMA eNews Vol. 18, No. 32, August 6, 2015

Movers & Shakers: Kinderhook Industries Acquires Bestop Inc.; Permatex Names Daniel Clarke Senior Product Manager

Compiled by SEMA Editors

  Daniel Clarke
Daniel Clarke
   

Permatex Names Senior Product Manager

Permatex, a manufacturer of chemicals for automotive maintenance and repair located in Hartford, Connecticut, named Daniel Clarke senior product manager. Clarke, who was a business unit manager at Coburn Technologies Inc., will be responsible for product management, new product development and research.

“Permatex is very excited to have Daniel Clarke join our team,” said Sean Lyon, Permatex director of marketing and product management. “His experience in supply chain management, market research, and product line expansion will certainly be a major asset to our company.”

CRP Industries Inc. Acquires Atlantic Automotive Enterprises

CRP Industries Inc., an automotive parts and industrial products provider, acquired Atlantic Automotive Enterprises (AAE), a steering systems manufacturer. AAE will continue to operate independently out of its headquarters and manufacturing facility in Tabor City, North Carolina. John Treece, AAE’s owner and founder, will continue to lead AAE.

Hypertherm acquires Jabez Technologies

Hypertherm, a manufacturer of plasma, waterjet and laser cutting systems, acquired Jabez Technologies, which simplifies complex robotic programming. Hypertherm and Jabez believe combining Hypertherm’s cutting-edge expertise with Jabez’s skilled engineering and support staff will make it easier for robotic programmers and integrators to achieve optimal results.

Manufacturers realize that robots are increasingly critical to producing higher quality products at a lower cost, and to achieving the speed and flexibility needed to remain competitive,” said Evan Smith, Hypertherm president and CEO.

Hypertherm is not making major changes to Jabez’s operations, leadership or distribution. Chahe Bakmazjian, founder and president, will continue to lead his team.

Kinderhook Industries Acquires Bestop Inc. From Magna International Inc.

Kinderhook Industries acquired Bestop, Inc. from Magna International Inc. on August 3. Bestop, headquartered in Louisville, Colorado, has been manufacturing soft tops and fabric accessories for Jeep vehicles for more than 60 years. John Larson, who has experience in the automotive market with positions at General Motors and Escort Inc., is now the chief executive officer at Bestop.

“The combination of Bestop’s leading market position, the resources and operational expertise of Magna coupled with Kinderhook’s extensive experience and relationships in the automotive aftermarket uniquely position Bestop to lead a successful consolidation in the Jeep aftermarket,” said Tom Tuttle, managing director at Kinderhook.

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