Keystone Automotive Operations Inc., parent to NTP Distribution Inc., announced that Weather Guard and Federal Mogul will serve as title sponsors at the company’s annual trade shows during the coming year.
According to a press release, for the third year Weather Guard is sponsoring the Midwest BIG Show, which will be held Feb. 9 at the Gaylord Texan Resort and Convention Center.
Federal Mogul is the title sponsor for Keystone’s Northeast BIG Show, set to run Feb. 23 at New Jersey’s Atlantic City Convention Center. This is the third year for the Federal Mogul sponsorship and the second year that the Northeast BIG Show will be held in Atlantic City.
“Federal Mogul and Weather Guard have been exceptional partners to Keystone, and we are thrilled to have them as the title sponsors of our BIG Shows for the third year in a row” said Ed Orzetti, CEO of Keystone Automotive.
Weather Guard will showcasing its van storage solutions this year, which are designed specifically to maximize on-the-job productivity. Visitors to the Weather Guard booth will also be able to participate in many special deals, including a merchandising makeover promotion.
Federal Mogul will be displaying several new products this year, highlighted by the addition of the Wagner Brake, the next generation in ceramic brake technology. Other brands include Anco, Carter, Champion, Fel-Pro, MOOG, National, Precision, Sealed Power, Speed-Pro Wagner Brake Product and Wagner Lighting.
The Keystone Northeast and Midwest BIG Shows are premier events in the automotive aftermarket offering attendees the opportunity to interact with both Keystone associates and manufacturers, see new products and in-store merchandising displays and participate in exclusive buying and promotional opportunities.
Private equity firm Platinum Equity is exploring a sale of Keystone Automotive Operations Inc., which makes specialty auto parts and is also parent to NTP Distribution Inc.
According to a Reuters report citing “three sources familiar with the matter,” Platinum Equity, which acquired Keystone through an out-of-court debt restructuring in 2011, has hired investment banks Baird and UBS to run a sale process that could fetch between $400 million and $500 million.
Representatives for Platinum, Keystone, UBS and Baird were not immediately reached for comment. The sources declined to be named because the matter is not public.
Exeter, Pa.-based Keystone sells aftermarket automotive equipment and accessories in North America, such as light truck accessories, specialty wheels, tires and suspension parts and high performance products. It acquired NTP in October of 2011.
Keystone changed hands among private equity owners a few times over the past decade.
Private equity firm Bain Capital LLC bought Keystone in 2003 from investors led by buyout firm Advent International.
But the company, which makes discretionary items tied to the economic cycles, grappled with the recession in the following years and Bain’s equity was wiped out when Keystone agreed to an out-of-court restructuring in 2011.
Platinum Equity, one of the company’s bondholders, acquired a majority interest in Keystone by converting its debt to equity.
NTP Distribution Inc. recently announced that Donna Martin has been promoted to director of marketing. According to a press release, Martin will be responsible for NTP’s marketing, publications and SMART services.
Martin, who earned a master’s in psychology, has over 30 years experience in the RV industry working in retail and wholesale distribution. Most recently, she was category manager with Keystone Automotive Operations Inc., which acquired NTP last October, and successfully supported the company’s launch into the RV industry.
NTP, based in Wilsonville, Ore., said that Martin will be officially assuming her new role July 9.
NTP Distribution Inc. announced the addition of Home & Road mattresses, a private label brand developed with The Mobile Outfitters, a division of Lippert Components Inc. According to a press releasee, the mattress line is exclusively distributed through Wilsonville, Ore.-based NTP.
The product line is currently available for delivery only and marks the first private label offering for NTP utilizing its new fleet services resulting from its acquisition by Keystone Automotive Operations Inc. last year.
“We’re excited about this new line,” said NTP President Greg Boyd. “Big, bulky products like mattresses can be problematic to ship, often making it cost-prohibitive for a lot of customers. Because of our new logistics capabilities, we can deliver this cheaper, faster and better than anyone in the industry.”
The new line was one of many new offerings the company had at their show last week in San Diego and is expected to be a big boost to their product mix.
“We wanted to partner with Lippert because we knew they could provide the kind of quality we know our customers expect, at price points that keep them competitive,” said Mark Jenson, NTP’s vice president of sales and marketing. “We anticipate this addition being a big win for us this year.”
Attendance at NTP Distribution Inc.’s 2012 National Dealer Conference was the largest the industry distributor has seen in its 30-plus years of shows, more than doubling in size from just two years ago, according to a press release.
The show, which marked the Wilsonville, Ore.-based company’s 50th year of operation, ran February 21-23 at the San Diego Convention Center.
Greg Boyd, president of NTP, attributed the dramatic attendance increase to several factors beyond the excitement over the company’s milestone and its recent acquisition by Keystone Automotive Operations Inc.
“A lot of factors outside of it being our 50th have combined to make this an incredibly successful event,” he said. “Of course, everyone’s excited about our recent partnership with Keystone, but there’s a lot of interest in the new product lines we’re offering. I also think we’re starting to see dealer confidence rise as the economy starts to level out.”
The three-day event began with a full day of vendor workshops and product training seminars along with a cocktail reception to preview the show floor. The next day the company celebrated their 50th anniversary with dinner and entertainment on-board the USS Midway. The final day of show activity included lunch with an address by Boyd.
NTP launched several new initiatives including Home & Road, the company’s first private label mattress offering, a truck accessories program designed to help RV dealers expand their product mix, and several new marketing initiatives, including an exclusive on-demand marketing portal.
Ed Orzetti, CEO of Keystone Automotive Operations, called the conference a huge success, echoing the feedback from both vendors and dealers alike.
“This has been my first opportunity to attend an NTP show,” Orzetti said. “Not only was the venue phenomenal, the energy in the room was contagious. NTP puts on a first-rate conference.”
NTP will return to San Diego for their 2013 show. For more information about NTP Distribution, visit www.ntpdistribution.com.
NTP Distribution Inc. continues to grow its service area since its acquisition by Keystone Automotive Operations Inc., adding fleet routes in parts of New Hampshire, Massachusetts, Vermont and Texas.
According to a press release, the new next-day service will run 3-5 days a week, depending on location, beginning Dec. 12. As with the company’s other fleet offerings, this new service has an extended order cut-off time of 6 p.m. ET/CT.
“This rapid growth, including our new presence in the Northeast, positions us to be the leaders in our industry,” said Mark Jenson, vice president of sales and marketing for Wilsonville, Ore.-based NTP. “We’re pleased to see these changes having such a positive impact on our business and our customers.”
NTP is a national supplier of aftermarket products, parts and accessories for dealers in the RV and hitch and tow industries. The company has 200 employees and five distribution centers across the U.S.
Wilsonville, Ore.-based NTP Distribution Inc. announced that its new distribution center in Exeter, Pa., will begin servicing customers on today Dec. 5. The new facility is the company’s sixth and will provide customers in the region access to a complete inventory selection of RV parts and accessories.
In addition to the opening, NTP will begin next-day fleet service to RV customers in the Northeast, including areas in Maryland, New York, Pennsylvania, Delaware, Virginia, New Jersey and Connecticut. This new service will run three to five days a week beginning Dec. 7.
NTP will also leverage Keystone Automotive Operations Inc.’s dedicated fleet to begin next-day service three days a week to regions in Alabama, Mississippi and Tennessee starting on Dec. 5. Keystone acquired NTP in late October.
Both fleet offerings will offer an extended order cut-off time of 6 p.m. (Eastern).
NTP Distribution Inc., in partnership with Keystone Automotive Operations Inc., announced the addition of Gree air conditioners to its product mix.
According to a press release, the launch marks the first aftermarket air conditioner offering for the company since the exit of Carrier from the market.
“We’ve partnered with Gree because they are the largest producer of air conditioners on the planet,” said Greg Boyd, president of Wilsonville, Ore.-based NTP. “They are not an electronics company who decided to cross over into air conditioning. They are air conditioning professionals who bring their expertise to the industry.”
NTP anticipates inventory being available in the first quarter of 2012.
“Far beyond being an ‘off the shelf’ air conditioner” adds Raymond Padgett, Category Manager for Keystone, “Gree has an organization that that designs, test and produces air conditioners. With three R&D organizations, 4,500 engineers and 300 laboratories, it is easy to see why they have produced over 3,000 technical patents. Gree is not a duplicator, they are truly an innovator.”
Wilsonville, Ore.-based NTP Distribution Inc. has expanded next-day fleet delivery service to regions in North Carolina, South Carolina, Kentucky, Virginia and West Virginia, the latest in a series of announcements following the company’s acquisition by Keystone Automotive Operations Inc.
Using Keystone Automotive’s company-owned fleet, the new service will be delivering to RV customers between three and five business days a week, starting Nov. 21. According to a press release, this enhanced offering also extends delivery cut-off times from 5-6 p.m. (Eastern).
NTP and Keystone view the continued expansion as key for their focus in the RV industry.
“We’ve been around for 50 years because we’re passionate about seeing our RV partners succeed,” said Greg Boyd, president for NTP. “This new partnership with Keystone is helping us enhance service to the RV industry and allowing our customers to grow with us.”
Ed Orzetti, president and CEO of Keystone, added that the partnership allows Keystone to focus on servicing its distinct customer bases with the products and expertise they uniquely require. “Bringing this type of service level to RV customers in the Southeastern US, is how we intend to leverage our strong logistics and distribution capabilities in a way that lets NTP offer dealers in this particular market a much stronger value proposition,” he said.
Wilsonville, Ore.-based NTP Distribution Inc. today (Nov. 11) announced expanded next-day fleet delivery service to Florida beginning Nov. 14.
This new three-day offering utilizing Keystone Automotive Operations’ dedicated fleet will provide next-day service to new and existing customers in the service area. Delivery cut-off times have also been extended from 5 p.m. to 6 p.m. (Eastern).
“Our customers are really excited by our new support in this area,” said NTP Regional Sales Manager Fred Strange. “Florida is an important market, and we’re happy we can provide this level of service.”
NTP previously announced similar capabilities in Arizona, Georgia, South Carolina, Tennessee and Alabama as they continue to leverage the new partnership with Keystone.