Wynn Joins iStarXchange

IRVINE, Calif.--Wynn Oil Co., a supplier of chemical and service programs for professional installers, car dealerships and national accounts, today announced that it has agreed to join iStarXchange, a business-to-business e-marketplace connecting the automotive replacement parts supply chain.

iStarXchange will enable Wynn to build stronger relationships with its 83 warehouse distributors in North America, allowing these distributors to identify local Wynn’s distribution sources and place product orders in a cost-efficient, effective manner, according to the company. Wynn will also use iStarXchange to locate replacement parts on behalf of facilities repairing vehicles covered by Wynn’s product warranty programs.

In addition, the online commerce and cataloging capabilities of iStarXchange enables Wynn to maintain a real-time content procurement exchange for more than 80,000 end customers, including automotive dealerships (new and used), independent repair shops and national accounts. Orders from these customers will be automatically routed to Wynn’s existing distributors, providing all parties an efficient and intelligent business solution, according to the company.

“We’re excited about using iStarXchange to add value to our current business relationships and the opportunity to reach new customers and markets through this dynamic e-marketplace,” says Don DiCostanzo, Wynn’s president. “iStarXchange provides a single solution that can deliver on our entire e-commerce strategy.”

“Wynn Oil Company shares our vision of bringing cost efficiencies and new revenue opportunities to all participants in the automotive aftermarket,” says E.J. O’Leary, chief executive officer of iStarXchange. “We anticipate that iStarXchange will improve profitability and revenue opportunities to the entire Wynn Oil family of distributors and customers, dramatically improving performance and efficiency throughout the chain.”

Wynn, a division of Parker Hannifin Corp., is a global manufacturer and marketer of automotive and industrial chemical products, equipment and related programs. It has 12 international subsidiaries and an extensive distribution network in more than 100 countries.

With annual sales of $6 billion, Parker Hannifin manufactures motion and control technologies and systems. The company employs more than 40,000 people in 40 countries around the world. iStarXchange is an e-Marketplace Service Provider to the automotive aftermarket and OE parts and services supply chain.

The company also provides value-added services to each participant in the distribution chain—from manufacturers, suppliers, warehouse distributors and jobbers to auto parts chains, new and used car dealers and a broad spectrum of professional installers. This information, combined with sophisticated planning tools, is used to improve business processes, increase revenues and decrease costs, according to the company.

For more information, call 877/478-2717 or contact www.istarxchange.com.