Marubeni : Acquisition of Assets in the Automotive Parts Sales Business in the United States Aftermarket ~ Business Expansion in Sunbelt Area~
October 04, 2019 at 12:07 am EDT
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October 4, 2019
Marubeni Corporation
Acquisition of Assets in the Automotive Parts Sales Business in the United States Aftermarket
~ Business Expansion in Sunbelt Area~
Marubeni Corporation (hereinafter, "Marubeni") hereby announces that it has acquired the assets of Auto Electric & Carburetor Company, LLC (dba Southern Distributors, hereinafter, "SD") and Poppe Automotive Warehouse, Inc (hereinafter, "Poppe").
SD, with five locations in Alabama and one location in Florida, has built a strong reputation for distributing quality automotive parts. Especially in Alabama, SD has locations in 3 prominent cities with populations of over 100,000. On August 26, TPH Holdings, LLC (hereinafter, "TPH"), which provides B2B automotive parts distribution services mainly in Florida, acquired the assets of SD.
Poppe has been a reliable supplier of automotive aftermarket parts for over 40 years with six locations in San Antonio, the third largest city in Texas. On September 30, XL Parts, LLC (hereinafter, "XLP"), which operates the same business as TPH in Texas, Oklahoma and Louisiana, acquired the assets of Poppe.
TPH and XLP aim to strengthen their logistics networks, enhance the quality of service provided to their existing customers and develop potential new customers by expanding into new locations through the acquisition of SD and Poppe. These acquisitions increase the number of locations of TPH and XLP to 161 locations in total.
Marubeni aims to further expand its business scale by strengthening existing locations and expanding its sales network in the growing market of automotive parts sales, mainly in the Sunbelt area of the United States, where the number of registered automobiles is expected to increase due to population growth.
< Outline of SD >
Company Name
：Auto Electric & Carburetor Company, LLC (dba Southern Distributors)
Location
：Birmingham, Alabama
Established
：1996
Representative
：Steve Kampwerth
Main Business Activities
：Aftermarket automotive parts distribution
No. of locations
：6
< Outline of Poppe >
Company Name
：Poppe Automotive Warehouse, Inc
Location
：San Antonio, Texas
Established
：1977
Representative
：Paula Rose Black
Main Business Activities
：Aftermarket automotive parts distribution
No. of locations
：6
< Outline of TPH >
Company Name
：TPH Holdings, LLC
Location
：Jacksonville, Florida
Established
：1970 (Established as TPH predecessor, The Parts House, Inc.)
Representative
：David Honig
Main Business Activities
：Aftermarket automotive parts distribution
No. of locations
：49
< Outline of XLP >
Company Name
：XL Parts LLC
Location
：Houston, Texas
Established
：1984 (Established as XLP predecessor, U.S. Parts)
Representative
：Mike Odell
Main Business Activities
：Aftermarket automotive parts distribution
No. of locations
：100
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Marubeni Corporation published this content on 04 October 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 October 2019 04:06:09 UTC
Marubeni Corporation is a diversified group organized primarily around 12 business segments:
- sale of agricultural products and related services (47% of net sales): sale of agricultural inputs (crop protection products, fertilizers, seeds, etc.), precision farming services, formulation of crop protection products, export of cereals and oilseeds, etc.;
- sale of food products (17.6%);
- production and distribution of oil, gas, alternative energy and electricity (10.4%);
- production of chemicals and petrochemicals (6.4%);
- production of metals and mineral resources (4.9%);
- sale and financing of industrial and construction machinery and equipment (4.6%). The group also develops car sales and tire distribution activities;
- sales of consumer electronics (4.3%). In addition, the group develops real estate development and management activities;
- sale of forest products (2.3%): wood chips and biomass fuel, pulp and waste paper, paper, paperboard, hygiene products, building & construction materials and wood products;
- sale of apparel, accessories, textile and lifestyle products (1.1%);
- management and operation of aircraft and ships (1%);
- development of energy production units and industrial installations (0.3%);
- finance and leasing (0.1%): auto finance, aircraft leasing, aircraft engine leasing, leasing and renting of refrigerated trailers, commercial vehicles and commercial freight railcars, etc.
Net sales are distributed geographically as follows: Japan (37.2%), the United States (42.5%)
MARUBENI CORPORATION 
