Truck Parts and Service | Heavy Duty Trucking, Aftermarket, Service Info
Issue link: http://read.dmtmag.com/i/737160
9 Industry Focus W W W . T R U C K P A R T S A N D S E R V I C E . C O M O c t o b e r 2 0 1 6 | T R U C K P A R T S & S E R V I C E FIND A LOCAL DISTRIBUTOR AT MINIMIZER.COM OR CALL 800.248.3855 MINIMIZER POLY PRODUCTS • TESTED AND TORTURED TM • DAILY BY TRUCKERS FOR TRUCKERS TESTED AND TORTURED TIRE BENCH Times change. So should you. NICE TRY NAILED IT Minimizer Poly Fenders Guaranteed for life Typical dented, cracked, and rusted metal fenders Guaranteed to look terrible FLOOR MATS TOOL BOXES TOOL BENCH TIRE MASK Speakers Announced For SOLD 2017 Derek Kaufman will be the featured speaker at the fi rst day of SOLD 2017 (Service Opportunities Learning Days) before Heavy Duty Aftermarket Week 2017. Kaufman is known in the industry for his knowledge in the future offerings by the OEM manufacturers. He will present at 1 p.m. Sunday, Jan. 22, 2017, and will discuss new advancements in technology the trucking industry will see in the next fi ve years, SOLD organizers say. Additionally, Paul Jones with Bendix Commercial Vehicle Solutions also will present on Jan. 22, and will discuss the importance of providing the proper parts to customers as well as advanced ABS components. The second day of SOLD will feature NATEF President Trish Serratore, Mike Betts, CEO at Betts Company and Mike Woods, national diesel program manager at Universal Technical Institute. SOLD organizers say Serratore will review plans for revi- sions to the NATEF medium- and heavy-duty task list tool and equipment and accreditation model, and both Betts and Woods will speak on the technician shortage. Accuride Acquired By Crestview Partners Accuride has entered into a defi nitive agreement to be acquired by Crestview Partners, a leading New York-based private equity fi rm. It is expected the transaction process will result in a sale closing during the fourth quarter of 2016, following approval by Accuride shareholders and completion of customary regulatory reviews. Af- terwards, Accuride will operate as an independent business within Crestview's portfolio of companies. The purchase price represents a premium of 55 percent over Accuride's closing share price on Sept. 1, 2016, and a premium of 66 percent over the 30-day volume weighted average price as of the same date. Additionally, Accuride has sold Brillion Iron Works to a sub- sidiary of Metaldyne Performance Group Inc. Under the purchase agreement, MPG has acquired from Accuride all of the stock of Brillion Iron Works, Inc., for total cash consideration of $14 million. "Today's action will enable Accuride to focus completely on our strategic vision to be the premier supplier of wheel-end system solutions to the global commercial vehicle industry," says Rick Dauch, Accuride president and CEO.