Keystone Automotive Industries Acquires Bud's Bumper Service, Inc.
3 September 1997
Keystone Automotive Industries Acquires Bud's Bumper Service, Inc.POMONA, Calif., Sept. 3 -_ Keystone Automotive Industries, Inc. today announced it has acquired Bud's Bumper Service, Inc. of Ft. Lauderdale, Florida, with annual sales of $2 million. Terms of the transaction were not disclosed. Charles Hogarty, President and Chief Executive Officer of Keystone Automotive Industries, said "This acquisition, our third of fiscal 1998, expands our geographic coverage in Florida. Bud's Bumper fits well with our strategy of acquiring automotive collision parts facilities with strong customer bases in areas in which Keystone has not yet penetrated, or locations where we want to strengthen our penetration and market share." Keystone Automotive Industries, Inc. distributes its products in the United States primarily to collision repair shops through its 78 service centers, of which 12 serve as regional hubs. Its product lines consist of automotive body parts, bumpers, autoglass and remanufactured alloy wheels, as well as paint and other materials used in repairing a damaged vehicle. These products comprise more than 19,000 stock keeping units that are sold to more than 24,000 repair shops throughout the nation. SOURCE Keystone Automotive Industries Inc.