Tuesday, September 07, 2010 MPA & Fenwick Strike Deal
 Motorcar Parts of America (MPA) made a $2 million CDN strategic investment in Toronto-based Fenwick Automotive Products Ltd.
"This transaction represents a potential opportunity to expand beyond MPA’s alternator and starter business and leverage our company's existing manufacturing expertise and distribution channels with a broad array of automotive products," said Selwyn Joffe, chairman, president, CEO of MPA.
Both companies serve all of the major automotive aftermarket sales channels.
"We’re pleased to be working with an organization with the market presence and reputation of MPA and look forward to working with the company's team," said Gordon Fenwick, CEO Fenwick Automotive Products.
He noted that Motorcar Parts and Fenwick are both customer-centric organizations, ISO/TS16949 registered, and recognized for the highest level of quality and service.
|
