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Auveco, which provides to the automotive fastener and body hardware aftermarket, has announced its acquisition of ClipLizard Systems, headquartered in Spencer, IN.
ClipLizard Systems, recognized for its innovation and commitment to quality, specializes in sourcing and distributing automotive clips and fasteners to PBE distributors. Their licensed software solution, Materials Manager, enhances PBE inventory management.
The successful transaction, finalized this November, marks a pivotal moment for both companies.
This strategic move solidifies Auveco’s position in the collision, and paint, body, and equipment (PBE) markets.
“The partnership with ClipLizard aligns seamlessly with our values of innovation and exceptional service,” said Auveco CEO, Jeff Gilkinson. “This strategic fit will bolster our ability to serve customers across North America.”
The collaboration opens new channels to market for both Auveco and ClipLizard, providing access to a broader product portfolio. The companies foresee increased opportunities for new product introductions by leveraging core best practices.
According the companies, the benefits for distribution partners include:
- Augmented product and service offerings: Distributors can expect a wider product selection and accelerated innovation to meet the evolving needs of end users.
- Quality service and support: Both companies pledge top-quality customer service, reliable online tools, and technical support to enhance the experience for current and future channel partners.
- Sustainable growth and expansion: The acquisition reflects the commitment of both companies to invest in growth, adding new product lines, technology, and resources to better support their customers.
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Filed Under: Fastening + joining, Fastener industry news