Aftermarket Technology Corp. Completes Acquisition Of All Trans
4 October 1999
Aftermarket Technology Corp. Completes Acquisition Of All TransWESTMONT, Ill., Oct. 1 -- Aftermarket Technology Corp. announced today that it has acquired substantially all of the assets of Portland, Oregon-based All Transmission Parts, Inc., which supplies standard transmission parts and complete assemblies to the independent aftermarket for the repair of automobiles and light trucks. The Company has also entered into an agreement to purchase substantially all of the assets of All Automatic Transmission Parts, Inc., which is an affiliate of All Transmission Parts that supplies automatic transmission components to the independent aftermarket for the repair of automobiles and light trucks. The Company expects this acquisition to be completed by December 1, 1999. Aftermarket Technology Corp. is headquartered in Westmont, Illinois. The Company's principal products include remanufactured transmissions, torque converters and engines, as well as remanufactured and new parts for the repair of automotive drive train assemblies. ATC also remanufactures electronic control modules, instrument and display clusters and radios. In addition, the Company provides third party distribution and material recovery services. The Company's customers include original equipment manufacturers and independent transmission rebuilders, as well as wholesale distributors and retail automotive parts stores. Established in 1994, the Company maintains more than 65 distribution centers throughout the United States and Canada. Aftermarket Technology Corp. posted 1998 revenues of $486.8 million.