Marubeni Corporation has announced that XL Parts has acquired the assets of Circle Distributing Inc.
Circle Distributing has been a reliable supplier of automotive aftermarket parts for about 40 years, with a total of three locations in Indiana. Through acquiring Circle Distributing, XLP aims to advance into the potential market of Indiana where demand for automotive parts is expected to increase due to the growth of registered cars as the population grows, as well as to expand their locations and delivery network in not only Indiana but also major cities in nearby states.
Since investing in XLP, which operates its 113 locations primarily in Texas, in 2015, Marubeni has been increasing and strengthening its network by acquiring nine more companies in the south of the United States, including TPH Holdings. TPH operates its 80 locations primarily in Florida in 2017, and is opening new locations. As a result of acquiring Circle Distributing, the number of locations of XLP and TPH has increased to 196 in total.
Marubeni aims to further expand its business scale through XLP and TPH with its strength in a wide range of assortments and instant delivery, the company said.
For the latest news and information on the global automotive aftermarket industry, visit https://aftermarketintel.com. Do you have news? Contact Aftermarket Intel Editor Mark Phillips at email@example.com.