Copy Tracking Code

Prime Mover Magazine

GUD Holdings strengthens its automotive portfolio

GUD Holdings has entered an agreement to purchase 100 per cent of the shares of Disc Brakes Australia (DBA).

DBA operates in the automotive aftermarket through supplying a range of disc brake rotors, brake drums and disc brake pads.

With over 40 years of manufacturing experience and continued research and development, DBA has reportedly positioned itself as a premium supplier of disc brake rotors in the Australian automotive aftermarket.

DBA was originally established by the Joseph family and it markets products and services under the DBA brand.

Its customer base includes major industry distributors: Bapcor, Repco and Supercheap - along with other automotive wholesalers and performance specialists.

The DBA business has an annual sales turnover of around $2 million and generates an annual earnings before interest and tax (EBIT) of around $3 million. Consideration for the acquisition is $20 million, with a net working capital adjustment at completion.

The transaction is expected to be completed on 2 July 2018.

Featured Article

  • VFS and its one per cent rule

    VFS and its one per cent rule

    When a new leadership team took the helm at Victorian Freight Specialists about a decade ago, it scrutinised every aspect of the company to find that extra per cent of performance – from procurement all the way through to marketing.

    Read Story

  • advertisement
  • Click here to join the CRT network today
  • Keep up to date on the latest news and developments in the commercial road transport industry. Sign up to CRT News today to receive a FREE weekly E-newsletter delivered straight to your inbox.

  • advertisement

© Copyright 2018 Prime Creative Media. All rights reserved.

Find us on Google+