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Letter to the Editor
Friday September 19
FinishMaster Acquires Ten of BASF's ART Facilities
FinishMaster, Inc., a national independent distributor of automotive paints and related accessories, has entered ten new markets via the acquisition of branch locations formerly owned by BASF Corporation and operated under the name Automotive Refinish Technologies. The branch locations are in Atlanta, GA; Augusta, GA; Austin, TX; Buffalo, NY; Huntsville, AL; Las Vegas, NV; Memphis, TN; Oklahoma City, OK; St. Louis, MO and Springfield, IL.Additionally, as part of the transaction FinishMaster has become BASF's national distributor for paint and material sales generated through BASF's BodyShopMall.com internet ordering site.
"We are pleased to have entered into this agreement with FinishMaster, which has an outstanding history of growth and success," said Al Winterman, Group Vice President, BASF Automotive Refinish. "The transaction strengthens our business relationship with FinishMaster, one of BASF's largest refinish distributors."
"This acquisition is a big step toward fulfilling FinishMaster's growth and value proposition plans. We're excited about the opportunities it presents," stated J. A. Lacy, President and Chief Operating Officer. "Our focus is on local relationships supported by superior distribution basics and providing value added information to our customers enabling them to increase productivity, manage material costs and increase profits."
Lacy continued, "FinishMaster's growth expectation has always embraced establishing a low cost, national platform from which to deliver our value proposition. This acquisition allows FinishMaster to better serve national accounts and support the strategies of our vendor partners while simultaneously reducing costs by spreading overhead across a larger national platform."
FinishMaster is a national independent distributor of automotive paints, coatings, and related accessories to the automotive collision repair industry. The company is headquartered in Indianapolis, Indiana, and operates three major distribution centers and 167 branches in 27 of the 35 largest metropolitan areas in the country.
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