Action acquires Custom Truck Parts Inc. - Press Release
ACTION CAR AND TRUCK ACCESSORIES ANNOUNCES THE ACQUISITION OF CTP DISTRIBUTORS/CUSTOM TRUCK PARTS INC.
For Immediate Release - Downloadable PDF
MONCTON, NEW BRUNSWICK (February 4, 2015) - Action Car and Truck Accessories, a leading distributor and retailer of automotive aftermarket accessories in Eastern Canada, announces that they have acquired CTP Distributors/Custom Truck Parts Inc. of Western Canada.
The combination of Action Car and Truck Accessories and CTP Distributors Inc. creates a leader like no other in the automotive aftermarket accessory industry. The strategic union will enhance the company’s competitive positioning within the wholesale, retail and fleet upfitting sectors while offering more choices and greater convenience.
“Now that we will be combined under one umbrella, CTP and Action will be the only truly national aftermarket accessory company that deals in all aspects of the aftermarket accessory business in Canada. I am very proud of CTP and what we have accomplished in 22 years, but even more proud and excited of what the combined efforts of CTP and Action will bring to the aftermarket accessory business in Canada!” – Bill Kluyt, CEO of CTP Distributors Inc.
In addition to enhancing the wholesale and retail sectors, the new landscape will position the company as the largest commercial fleet installation network in Canada, a segment of the business with tremendous opportunity and growth potential.
”Action has the utmost respect for what the team at CTP Distributors has achieved and I have followed their success in becoming the largest and best source for truck accessories in Alberta and British Columbia.” said John Chamberlaine, President and CEO of Action Car and Truck Accessories. “Combining our two entities to become Canada’s undisputed overall national leader will allow for opportunities for all involved.”
Action’s long term vision has been to operate nationally. This vision, along with an increased demand for commercial upfitting at a national level, prompted Action to undertake many steps for expansion over the last few years. The addition of key personnel and realigned structure were implemented to build a foundation for growth. The company needed to expand westward in order to cater to their diversified and evolving customer needs.
The combined companies will now consist of 4 major distribution centers (Surrey, Edmonton, Pickering, Moncton), 4 secondary distribution points (Calgary, Grande Prairie, Winnipeg, St. John’s), 37 retail stores with installation facilities and e-commerce stores catering to wholesale, retail and commercial fleet segments. Their united efforts will truly position them as the largest automotive aftermarket accessories company of its kind in Canada.
About Action Car and Truck Accessories
Action Car and Truck Accessories is a leading distributor and retailer of automotive aftermarket accessories with 32 stores from Newfoundland to Saskatchewan, 2 distribution centers with over 100,000 sq ft of combined space and an e-com store with a head office located in Moncton, New Brunswick.
About CTP Distributors Inc.
CTP Distributors Inc. is Western Canada’s largest truck accessory retailer. With a 60,000 sq ft main central distribution warehouse, 3 additional regional distribution warehouses (totalling 50,000 sq ft), 5 retail stores located in British Columbia and Alberta and an e-commerce store, CTP has been able to offer a very large and diverse selection of truck, jeep and commercial accessories throughout Canada.
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