Bond Auto Parts Announces Purchase of A D Sanel

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Bond Auto Parts Announces Purchase of A D Sanel

Mon, 07/15/2002 - 8:00pm -- tim

Bond Auto Parts, Inc. announced that it has entered into an agreement to purchase A.D. Sanel, Inc. (A Parts Plus Company), headquartered in St. Johnsbury, Vermont.
A.D. Sanel operates 9 auto parts stores in Vermont and New Hampshire. A.D. Sanel has a strong background in the aftermarket parts industry upon which Bond Auto Parts can build both retail and professional installer business. The transaction is set to close on August 30, 2002.
Bond Auto Parts currently operates 19 auto parts stores in Vermont and 4 in New Hampshire. The A.D. Sanel acquisition will gain 9 new store locations, three of which will join existing Bond Auto stores.
Bond Auto Parts is the largest Vermont based automotive aftermarket supplier. Founded in 1956 by Earl Bond, the company is still family owned and operated with headquarters located in Barre, Vermont.
A.D. Sanel will continue to supply all of its’ customers, both retail and professional installer at the same level of service until the set closing date. A.D. Sanel announced that it
entered into this agreement with great pleasure, however would miss working with the customers that he had developed relationships with over the past years. A.D. Sanel wishes to extend gratitude toward his employees, vendors and customers for their hard work, commitment and support. A.D. Sanel plans to work with Bond Auto Parts to ensure that a smooth transition of ownership will occur.
Bond Auto Parts will take ownership on August 31, 2002 and will provide service to its’ new and existing customer base. Bond Auto Parts is looking forward to the interviewing, hiring and training of A.D. Sanel employees. Many of the same A.D. Sanel employees will be seen working in the same positions that they have occupied. All warehouse operations will take place at the Bond Auto Part Headquarters in Barre, Vermont. Existing employees will be interviewed and considered for limited positions that are available as a result of the acquisition at Bond Auto Parts Headquarters and warehouse located in Barre, Vermont. Bond Auto Parts will help to assist other employees in finding new employment in their related fields.
Bond Auto Parts belongs to the Automotive Aftermarket Alliance, which is one of the largest buying and marketing groups in North America. With the completion of this acquisition, Bond Auto Parts is confident that they will be able to better develop, maintain and service customers as well as provide a superior working environment for its employees.