FleetPride Acquires Wheels and Brakes Incorporated
4 November 1999
FleetPride Acquires Wheels and Brakes IncorporatedDEERFIELD, Ill., Nov. 3 -- FleetPride, the nation's largest aftermarket distributor of heavy-duty truck parts, today announced the acquisition of the Atlanta based distributor Wheels and Brakes Incorporated. Wheels and Brakes, founded in 1959, specializes in wheel, rim, suspension and brake parts for the heavy-duty industry. FleetPride acquired all Wheels and Brakes branch operations which include Atlanta, Ga.; Norcross, Ga.; Augusta, Ga.; Columbus, Ga.; Macon, Ga.; Marietta, Ga.; Savannah, Ga.; Chattanooga, Tenn.; Kingsport, Tenn.; and Knoxville, Tenn.. FleetPride now operates more than 170 locations nationwide with revenues in excess of $550 million. The company carries a full line of nationally recognized brand name parts as well as a private brand assortment. In addition, FleetPride offers in-house re-manufactured products such as brake shoes, transmissions, rear axles and driveline components. Truck and trailer repair services also are offered at a number of locations. John Greisch, President and CEO of FleetPride said of the acquisition, "The Wheels and Brakes locations add depth to our already strong position in the southeast. We are looking forward to having them as part of our team." Comments in this release contain forward-looking statements, which are based on management's good faith expectations and beliefs concerning future developments. Actual results may materially differ from these expectations as a result of many factors.