A year ago, American Auto Parts was struggling.
The maker of precision auto parts and auto parts parts parts, had been in the red for years and was in a difficult financial situation.
The company was the poster child for a rash of auto parts recalls and recalls on the part of the auto industry.
The market for parts for cars was collapsing.
That was bad news for American Auto.
But then last year, the company suddenly found a new ally.
The new ally was a new type of auto-parts company called Express Auto Parts.
In its early years, Express AutoParts was known for its high-tech auto parts business.
Express AutoParts, based in Scottsdale, Arizona, is a privately held company with nearly $10 billion in annual revenue.
It operates about 80 dealerships in the United States and Canada.
There are more than 10,000 Express Auto parts dealers, and each one has a handful of parts, according to an article in The Wall Street Journal.
But Express Autoparts’ most recent stock deal raised eyebrows, and a lot of eyebrows.
In December, the companies announced they had struck a deal that would see the company buy out rival company Precision Auto Parts, which it had been acquiring for about $2 billion.
The deal had not been officially announced, and it was not clear whether the deal was for a stock or for a merger.
The WSJ article was the first public indication that Express Auto-Parts might be buying Precision AutoParts.
A new type or two of auto supplier Express AutoPart is trying to buy Precision Auto-parts.
When asked about the deal, a company spokesperson told the WSJ that it was still in discussions with the companies.
The spokesperson said that the deal is a “great example of why we’re committed to improving and expanding our business.
We want to build on our strength in providing our customers with the best possible services.”
As it turns out, ExpressAutoParts was not alone in buying Precision.
In addition to Precision, AmericanAutoParts and other large auto parts makers, were buying other large suppliers.
The deals were in addition to deals announced by other large companies including GM, Ford and Chrysler.
It wasn’t just American AutoParts that was looking for a new source of parts to sell to auto parts manufacturers.
The companies also were looking to buy out other large supplier companies, including Kresge, Inc., and Kmart, Inc. According to the WSj article, Express auto parts has bought parts from several other large brands, including: Bayer AG, BMW, Caterpillar, Caterina, DaimlerChrysler, DHL, Fisker Automotive, Ford Motor, General Motors, General Electric, Hyundai, Lufthansa, Lowe’s, McDonalds, Mitsubishi Motors, Nissan, Toyota, and Volvo.
At the time, ExpressautoParts had a market capitalization of about $12.5 billion.
AmericanAutoParts is the largest auto parts company in the world, with about 7,600 employees.
It also has about 3,000 dealerships.
The Journal article says the deal also included ExpressAuto Parts buying Precision’s shares for $1.1 billion.
“We look forward to further synergies with ExpressAuto, which is a leader in the supply chain,” ExpressAutoparts CEO David Daugherty said in a statement.
Exclusive: ExpressAuto parts CEO David DeGolyer on the potential for a $1 billion merger between AmericanAuto parts and Precision Auto parts: The merger will help us build on the strengths we have and grow our business further.
“Our plan is to continue to invest in our customers, our dealers and our suppliers,” Daughers said.
“We are excited about the possibilities for a future merger.”
What you need now: What to know before you buy: Expert opinion on whether this deal is the best deal for ExpressAuto.
What is a merger?
A merger is a transaction where two or more companies enter into a deal where they can then control the same or a similar product.
For instance, the Merger and Acquisition Commission approved a $25 billion deal between Walmart and Kroger last year.
It’s the largest merger in U.S. history.
The merger also allowed Walmart to own its food service business and the U.K.-based supermarket chain Sainsbury’s to take over its bakery business.