Brake Headquarters Announces Acquisition of WAWD-EAP Automotive Products Inc.
4 December 1997
Brake Headquarters Announces Acquisition of WAWD-EAP Automotive Products Inc.LONG ISLAND CITY, N.Y., Dec. 4 -- Brake Headquarters U.S.A., Inc. has announced today the merger of WAWD-EAP Automotive Products Inc., with a wholly owned subsidiary of the Company. They are recognized as an industry leader in the importation, distribution and sale of quality automotive aftermarket products for over 35 years. They carry name brand products for each of the categories it services. WAWD sells a complete line of products for European and Asian vehicles. Joseph Ende, CEO of Brake Headquarters U.S.A., Inc., said, "The combined companies will enable us to continue our growth strategy, improve customer service and bring our products to any market within the continental U.S. within 1 or 2 days." In addition, he added, "The enlarged product lines of both companies will create a greater customer service, and increased shipping capabilities for both customer bases as well as potential for expansion into new markets." The total combined sales of both companies in for the 12 months ended December 31, 1996 was $78.3 million and for the nine months ended September 30, 1997 was $56.1 million. The acquisition of WAWD has added 5 distribution centers serving major markets in the U.S. located in Los Angeles, CA, San Francisco, CA, Atlanta, GA, Houston, TX and Piscataway, NJ, to the 3 existing distribution centers Brake Headquarters currently maintains in Long Island City, NY, Fairfield, IL, and Portland, OR. Brake Headquarters has been engaged in business as a wholesaler of undercar parts since 1976. Brake Headquarters imports, assembles, distributes and manufactures undercar parts to the automotive industry. SOURCE Brake Headquarters USA, Inc.