Motorcar Parts of America Acquires Automotive Importing Manufacturing Inc.

Motorcar Parts of America, Inc. announced it has completed the acquisition of certain assets of Automotive Importing Manufacturing, Inc., a privately held company based in Rancho Cordova, CA., specifically its operation which produced new and remanufactured alternators and starters. Terms were not disclosed.
“This acquisition adds a group of premier customers and provides product line expansion with the addition of heavy duty and industrial applications.
On an annualized basis, we anticipate additional net sales of at least US$6.0 million.
“We are committed to the highest standards of customer service and look forward to enhanced relationships with this new customer base,” said Selwyn Joffe, chairman, president and chief executive officer of Motorcar Parts of America, Inc.
Motorcar Parts of America, Inc. is a remanufacturer of alternators and starters utilized in imported and domestic passenger vehicles and light trucks.
Its products are sold to automotive retail outlets and the professional repair market throughout the United States and Canada, with facilities located in California, Tennessee, Mexico, Malaysia and Singapore.