Torre Parts and Components has acquired 100% of the share capital of Top Class Automotive.
Torre Parts and Components manufactures and distributes branded parts and components. Established in 1948, the company owns or represents a basket of well-known brands which include Gabriel, Autocom, Echlin, VDO, ACSA-Mag, Textar, MagBrakes, Warn, Hi-Lift, Vision-X, Truck-Lite, Piusi, Pneumax and Raasm.
Kevin Rogers, managing director Torre Parts and Components said, “The acquisition of Top Class Automotive with its premium basket of brands, namely SKF, Permatex, DJ and FTE continues to enhance our strategic growth in the Automotive Aftermarket sector and expands Torre’s product range, providing further reach into the Commercial and Off-Highway markets which are seen as strategic growth nodes for the Torre group.”
“The acquisition will allow the group to continue to leverage its infrastructure and associated resources, and will help grow the business of Top Class Automotive and its associated brands.”
As a result of the acquisition and subsequent negotiation, Torre Parts and Components has also been appointed the official SKF Automotive Distributor for South and Southern Africa.
“SKF will continue to support Top Class Automotive and its new shareholder, Torre Parts and Components. We see this new association as a great opportunity to extend our reach into target markets and to further improve the support and service levels currently provided to customers,” says Gary Czapski, manager – Vehicle Service Market, SKF South Africa.
Rogers added: “The acquisition will bring additional opportunities to our business and we look forward to continuing to develop the business of Top Class Automotive, SKF, Permatex, DJ and FTE Automotive. We will keep customers informed of any changes or improvements that are being made, and assure them that throughout the process customers will continue to always be put first.”
For more information contact:
Torre Parts and Components
Tel: +27 11 627 2500
Fax: +27 11 627 2600