NTP Distribution, Inc. and Keystone Automotive Operations, Inc. today (Oct. 20) announced a definitive agreement through which Wilsonville, Ore.-based NTP, a national distributor of aftermarket parts and accessories for dealers in the RV, hitch and tow industries, will be acquired by Keystone Automotive, according to an NTP release.
NTP, founded in 1962 by Wallace J. Lewis as Northwest Trailer Parts, currently has 200 employees and five distribution centers across the U.S.
Exeter, Pa.-based Keystone and its affiliates are retailers and wholesale distributors of aftermarket automotive accessories and equipment in the U.S., Canada and overseas. Operating a fleet of more than 300 delivery trucks, Keystone distributes specialty automotive accessories and high-performance products to a fragmented base of approximately 15,000 customers.
Under the agreement, the release stated, Keystone?s current RV Division will roll into NTP?s, which will then assume the distribution of RV parts and accessories for both NTP and Keystone customers. Keystone will serve as the parent company, while NTP will ?continue to service the RV industry under the same name with the same commitment to customers and service.?
Keystone President and CEO Ed Orzetti will lead the combined organization. Greg Boyd will continue to serve as president of NTP, reporting to Orzetti and serving as a member of Keystone?s senior leadership team. NTP Distribution?s senior management team will all continue in their current functions, reporting to Boyd.
?The sale is a positive outcome in our continuing efforts to seek new strategies, new regional markets and additional capital in order to better serve our customers and to stay competitive in our market,? said Boyd, adding that he looks forward to continuing to lead NTP to ?new opportunities and successes? as a part of Keystone.
?This acquisition rapidly expands our growing customer base and our product portfolio in the RV industry,? added Orzetti.
NTP will be seeking to grow its business and geographic reach, not cut back, the NTP release reported, noting that ?each of NTP?s employees has RV market expertise that will be needed to provide stability during the transition and support growth in the coming months.?
The release stressed that customers should also see little immediate impact in their dealings with either company, and that all existing contacts will remain in place until further communicated.
?We believe this transition will benefit our customers, suppliers, and the RV industry,? said Mark Jenson, vice president of sales and marketing for NTP. ?The integration of Keystone and NTP will enable us to support even more efficient and effective aftermarket operations.?
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Source: http://www.rvbusiness.com/2011/10/keystone-automotive-acquires-ntp-distribution/
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