Business Is a Leading Producer of OE Quality Remanufactured Engines
SPRINGFIELD, Mo., Aug. 23 /PRNewswire/ -- PROFormance Technologies, LLC has announced the acquisition of Aftermarket Technology Corporation's Independent Aftermarket PROFormance Powertrain Products-branded engine business.
"This is an exciting time for all of us at PROFormance Technologies," said Clint Georg, President of PROFormance Technologies LLC. "PROFormance Powertrain is known throughout the industry for OE quality and superior customer service. Now, as a stand-alone business with strong financial backing and an aggressive entrepreneurial spirit, we are in an advantageous position to leverage the high-demand quality engines produced in our facility to an expanded marketplace." PROFormance Technologies is a leading remanufacturer of OE quality engines made to the same specifications demanded by the big three automakers. The extensive product line is produced from its ISO/TS 16949:2002 certified facility and provides more than 18,000 engine applications from 1965-2005. National distribution is facilitated through multiple, strategically located, distribution facilities across the country providing more than 97% coverage and delivery within 48 hours.
"We are very pleased that PROFormance Technologies has acquired the aftermarket engine business. Given management's industry prowess, we expect PROFormance Technologies to be a strong industry provider with solid growth potential," said John Colarossi, President, ATC Independent Aftermarket.
"PROFormance Technologies will continue to utilize best-in-class operating practices to drive quality and productivity and produce the best remanufactured engines to OE standards," further stated Mr. Georg.
Financing for the transaction was provided by the Kansas City, MO office of LaSalle Business Credit LLC, a leader in asset-based lending.
About PROFormance Technologies LLC -- PROFormance Technologies LLC operates its engine remanufacturing production facility in Springfield, MO with distribution centers across the country and approximately 100 employees. Clint Georg, President, has more than 20 years of automotive aftermarket industry experience. He most recently served in senior management positions, including COO, at GreenLeaf Auto Recyclers, previously a business segment of Ford Motor Company. For more information go to http://www.goppt.com/.
About Aftermarket Technology Corporation (NASDAQ:ATAC) ATC is headquartered in Downers Grove, Illinois. The Company provides outsourced engineered solutions and supply chain logistics services to the light and medium/heavy-duty vehicle aftermarket and consumer electronics industries. DATASOURCE: PROFormance Technologies LLC CONTACT: Cheryl Nerney, +1-817-488-2900, or mobile, +1-303-478-9734, , for PROFormance Technologies LLC Web site: http://www.goppt.com/
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