AHG buys Coventry's
 

Just seen an email at work saying that AHG has bought all 26 Coventry's depots in WA.

Didn't see that coming.

cov's was already on its knees, so i assume it was a cheap and easy pickup!

wonder how they compete with AMCAP now.

Umm news to me!! I will check when I get to work.. Last new letter that came out said we where flying along.

[url=http://news.smh.com.au/breaking-news-business/ahg-buys-parts-dealer-cold-freighter-20110512-1ejkh.html]AHG buys parts dealer, cold freighter[/url]

Amcap will just double in size is my guess.

Yeah, thats how i read it.. will just be used as a way for AMCAP to grow.

Coventry's is going to be rebranded as Cov's, run in conjunction with existing AMCap operation. Just gives Cov's bigger buying power ($3 billion vs $100 million companies).

Terry Veale must be feeling a little concerned though...

^This is corect

On the other hand we can all purchase Genuine subaru parts at "covs".....YAY

my job is safe....

Wow, that is pretty crazy.
AHG has such a strong force in the automotive industry, pitty they treat their staff like crap and only care about making budget.

[QUOTE=RSR-WRC;565007]^This is corect



On the other hand we can all purchase Genuine subaru parts at "covs".....YAY



my job is safe....[/QUOTE]




excellent news