G.K Industries Ltd. to Merge with QAP Automotive Industries

G.K. Industries Ltd. (GKI) has announced that QAP Automotive Industries (China) Ltd. (QAP) have agreed to acquire the majority shares in G.K industries Ltd. (GKI) pending government approval.
Tim Nigh, president of GKI, said, “GKI is excited to become part of the QAP Group”. Nigh added: “This merger will allow us to sustain and improve service levels for our North American customers.By offering improved multiple factory sourcing and support in North America, along with an enhanced capital base and the continuation of our best practices, our organizations will be able to take advantage of new and existing opportunities within the marketplace.”
Herbie Zhao, managing director of QAP, said: “Merger with GKI strengthens QAP’s global presence in the automotive aftermarket, and combines GKI’s 40 years of aftermarket experience with QAP’s world wide market presence. Integrating GKI’s North American sales, technical support and local inventory with QAP’s Asian manufacturing base will provide a unique advantage to the North American aftermarket. The acquisition compliments our existing customer relationships, and adds new sales opportunities.”
GKI is a North American aftermarket distributor of specialty automotive filtration products.
QAP is a leading Chinese manufacturer of automotive filtration products. With a plant in Wenzhou and a warehouse in Shanghai, QAP broadens the range of distribution models now available to GKI customers.