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Patented Automobile Parts Seller Acquires Auto Panels Plus

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Keystone Automotive Industries, IncMajor acquisitions like Keystone Automotive Industries, Inc. taking over the assets of Auto Panels Plus, based in Tulsa, Oklahoma have given a new shift to the patented automobile parts market.  Auto Panels Plus operating in the Tulsa and Oklahoma City markets, recorded an estimated sales of $5.0 million for the past twelve months that ended on March 31, 2007. However, the terms of transaction are yet to be disclosed as reported in an article in www.primenewswire.com

With its 136 distribution facilities (22 of them serving as regional hubs) located across 38 states as well as Canada, Keystone Automotive Industries distributes its products to the collision repair shops. Keystone’s product line includes bumpers, remanufactured alloy wheels, automotive body parts, paint and other such materials used to repair a damaged vehicle.

The acquisition is expected to promote Keystone’s existence in both Tulsa and Oklahoma City regions and better company’s potential to offer patented quality parts and best service. Rick Keister, Chief Executive Officer of Keystone feels, ”We look forward to capitalizing on opportunities to expand our customer base in this region."

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