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Dorman to acquire Dayton Parts in $338M deal - Auto Service World autoserviceworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from autoserviceworld.com Daily Mail and Mail on Sunday newspapers.
Dorman Products, Inc. to Acquire Dayton Parts Highlights: Dorman Products, Inc. signed a definitive agreement to acquire Dayton Parts, a leading independent heavy-duty undercarriage aftermarket component supplier for $338 million. The addition of Dayton Parts accelerates Dorman’s heavy-duty growth strategy by adding large and complementary offerings of undercarriage components in the commercial vehicle aftermarket, a vast distribution network and a trusted brand with over 100 years of experience. The acquisition is expected to be immediately accretive to adjusted diluted earnings per share, excluding one-time charges and acquisition-related intangible assets amortization. In connection with the transaction, Dorman expects to enter into a new $600 million revolving credit facility. ....
May 3, 2021 Dayton Parts has launched its CARGOMAXX HD premium shock absorbers for Class 7 and Class 8 commercial vehicles. Equipped with a nitrogen gas-charged system, which provides faster response time to road changes and reduced fade, the shocks are available in three models: cab shocks, standard duty shocks and steering damper shocks. Ideal for linehaul trucks, tractors and trailers, as well as vocational and last-mile delivery vehicles, school buses, and more, the new shocks offer an innovative sealing system for consistent damping, minimizing excessive misting; superior welds on key functional components for greater overall durability; and thick-shouldered permanent-mount bushings with exclusive rubber compound for greater durability. ....
Introduction It has been almost three years since the 25% duties on steel imports and the 10% duties on aluminium imports pursuant to Section 232 of the Trade Expansion Act 1962 were first imposed by Presidential Proclamation 9705 and legal challenges are proliferating and there is renewed legislative interest in Section 232 reform.(1) For those looking for any signs of a swift removal of the duties, the wait continues. The administration s rapid decision to reinstate the Section 232 duties on aluminium imports from the United Arab Emirates within 13 days of their removal by President Trump upon leaving office shows no haste to change the status quo,(2) and the comment by the new Secretary of Commerce that the duties have been effective signals no imminent decision to change.(3) The government continues to actively defend these broad duties before the reviewing courts and at the World Trade Organisation (WTO) in scores of cases questioning various aspects of their legali ....
beeboys/Adobe Stock This morning in metals news: the United States Court of International Trade issued a ruling on the Section 232 steel tariff; meanwhile, the Biden administration has reversed a Trump administration decision regarding tariffs on aluminum from the United Arab Emirates; and, lastly, new orders for manufacturing goods rose for an eighth consecutive month in December. USCIT dismisses Section 232 steel tariff challenge In early 2018, former President Donald Trump imposed tariffs on imported steel and aluminum. Using Section 232 of the Trade Expansion Act of 1962, Trump imposed tariffs of 25% for steel and 10% for aluminum. It is unclear if the new Biden administration will ultimately rescind the tariffs in a blanket sense (more on that shortly). ....