Spectra Premium Industries Inc. To Buy All Assets Of Richporter Technology Ltd.

Spectra Premium Industries Inc. To Buy All Assets Of Richporter Technology Ltd.

Founded 25 years ago, Spectra Premium is a manufacturer, developer and provider of premium automotive components and systems that are the choice of OE manufacturers, automotive technicians and do-it-yourself consumers.

BOUCHERVILLE, Quebec, Canada — Spectra Premium Industries Inc. is pleased to announce that it has entered into a binding purchase agreement for all assets of Richporter Technology Ltd. The acquisition is set to close around May 16, 2014.
 
“Spectra Premium welcomes the Richporter Technology group and looks forward to incorporating its global manufacturing network of high quality engine management products to our already extensive product line up”, states Jacques Mombleau, president and CEO of Spectra Premium. “We will continue to pursue the aftermarket entrepreneurial spirit and product development strategy of Richporter Technology that was led by its CEO Mr. Patrick Richardson.”
 
“A key component of our growth strategy is to expand our business model into complete vehicle repair solutions. Coupling the existing fuel and cooling system categories with these new engine management products, allows us to grow sales opportunities for our partners in the Global Automotive Market”, stated Jason Best, vice president aftermarket sales and marketing, Spectra Premium. “We are pleased to announce that leading our engine management team as Vice President Operations will be Martin Brazeau of Richporter Technology who will be headquartered in the new offices of Spectra Premium located in Taiwan.”
 
Founded 25 years ago, Spectra Premium is a manufacturer, developer and provider of premium automotive components and systems that are the choice of OE manufacturers, automotive technicians and do-it-yourself consumers. With its 1,100 employees, Spectra Premium provides unmatched customer service and after the sale support via a global manufacturing and distribution network, according to the company.
 
Founded by Keith and Patrick Richardson along with Lawrence Hung, Richporter Technology was founded in 2001 based in Montreal, Quebec, Canada with distribution handled from Champlain, New York and manufacturing presence in Kaohsiung, Taiwan. Richporter Technology develops, manufactures and distributes engine management and ignition products for the automotive aftermarket industry. Today the company offers a full line of Mass Air Flow Sensors (MAFS), Coils, Distributors, Synchronizers and Cam & Crank Sensors, with more new products coming soon.

You May Also Like

AACF Launches 65th Anniversary Fundraising Initiative

The campaign aims to raise $65,000 through 1,000 donations of $65 each.

The Automotive Aftermarket Charitable Foundation (AACF) announced the launch of its 65th-anniversary fundraising initiative. Running through July 1, 2024, the campaign aims to raise $65,000 through 1,000 donations of $65 each. This impactful effort highlights the industry's commitment to taking care of its own, the AACF said. 

From sudden illness and death to natural disasters, the foundation has provided assistance to industry professionals and their families during their darkest hours. As AACF celebrates its 65th year of service, it remains steadfast in its mission to provide financial support and resources to those in the automotive aftermarket industry in need, the organization said.

Schaeffler Publishes 2023 Sustainability Report 

Schaeffler was awarded an “A” score in the climate change category for 2023 by the global non-profit environmental organization CDP for corporate transparency and performance.

Schaeffler Sustainability Report
Introducing ‘Sustainability by Schaeffler’ on Counterman.com

In the weeks and months ahead, stay tuned for more sustainability content from Schaeffler and Counterman.

Schaeffler Sustainability
Jacki Lutz Named Content Director at Auto Care Association

Lutz will be tasked with leading a cross-functional and multimedia content strategy, development and execution across all platforms.

Jacki Lutz Auto Care
Auto Care Association Certified as a Great Place to Work

“This prestigious award is a testament to the association’s commitment to creating an inclusive, supportive and dynamic work environment for its employees,” Auto Care said.

Other Posts

HD Repair Shops Report Increases in Counter Sales, Labor Rates

The data comes from a Fullbay report published in partnership with ATA’s Technology and Maintenance Council.

Heavy Duty Repair
Applications Open for Federated Car Care Scholarships

Interested students should complete and submit their applications at AutomotiveScholarships.com by March 31.

BendPak Names Expert Automotive Primary Distributor in Las Vegas Valley

Under the agreement, Expert Automotive Equipment will offer and support equipment sold under the BendPak, Ranger, Cool Boss and Autostacker brands.

Expert Automotive
Auto Care Association Leaders Visit Northwood University

Auto Care President and CEO Bill Hanvey was the guest lecturer for several Northwood automotive aftermarket courses at its Midland campus.

Bill Hanvey Auto Care Northwood