Monterrey-based Lodi Group acquires US aftermarket parts distributor
The Lodi Group, a Monterrey-based family of auto parts companies, has acquired the assets of ATP Automotive Inc. a Chicago-based company strove to provide aftermarket replacement parts for automatic transmissions.
Under new ownership, the company started operations as Automotive Technology Products LLC, according to a press release. No financial terms of the acquisition were provided.
“The Lodi Group is proud to add Automotive Technology Products to our family of companies serving the automotive aftermarket in North America and the rest of the world,” said Jorge Frias, president of Automotive Technology Products LLC.
“With manufacturing capacity in place and redeployment of existing inventories, personnel and equipment, we plan to return service levels to normal and business as usual in a very short time,” Frias added.
Automotive Technologies Products will operate as an aftermarket supplier of transmission parts, kits chemicals and filters as well as flywheels, flex plates and cables. Additionally, its Graywerks line of hard parts will complete their broad product offering.
The Lodi Group owns manufacturing facilities in North America as well as automotive aftermarket supply companies specializing in powertrain and power transmission components.