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Prime Automotive Warehouse Acquires Warren Distribution’s Jobber Division


8/24/2010

 
OLIVE BRANCH, Miss. —  Prime Automotive Warehouse and Warren Distribution announced that they have reached an agreement to transfer Warren’s Jobber Division to Prime.

“This acquisition fits with Prime’s vision to become the leading wholesaler in the automotive aftermarket and the premier supplier to the independent jobber channel and enhances Prime’s positioning to provide customers even more product choices. As a member of Marubeni Corp., Prime has ready access to affordable capital, leading capabilities and global marketing networks, which support Prime’s strategy of continued growth through acquisitions,” said Steve Friedman, president of Prime.

“This is a great opportunity for Warren’s employees, customers and suppliers to continue to grow in the automotive aftermarket. This sale of Warren’s Jobber Division to Prime will allow Warren Distribution to focus more on our strategic business. We are excited about supporting Prime as a supplier and look forward to our respective continuing growth,” said Warren Group Vice President Richard Jacobson.

With the acquisition, all employees from Warren’s Jobber Division will become employees of Prime while remaining located in Omaha, Neb. No jobs are expected to be eliminated as a result of the acquisition.

Prime will immediately begin transitioning the distribution of acquired products from Warren’s Omaha location to Prime’s Olive Branch, Miss., location — part of the Memphis, Tenn.,  centrally located distribution center.

In anticipation of the acquisition, Prime recently increased its warehouse product space by some 40 percent.
The acquisition is expected to close within the next 60 days.

Founded in 1982, Prime Automotive Warehouse distributes automotive parts, tools, chemicals and accessories to automotive jobbers and independent distributors globally.













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